Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Shares Up 1.7% – Still a Buy?

by · The Markets Daily

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM – Get Free Report) shares were up 1.7% on Tuesday. The company traded as high as $41.19 and last traded at $41.03. Approximately 16,065 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 10,472 shares. The stock had previously closed at $40.35.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 1.7%

The business’s 50-day simple moving average is $39.01 and its two-hundred day simple moving average is $39.02. The firm has a market cap of $86.57 million, a price-to-earnings ratio of 21.19 and a beta of 1.10.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Materials ETF

A hedge fund recently bought a new position in Invesco S&P 500 Equal Weight Materials ETF stock. Capital Square LLC purchased a new position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,878 shares of the company’s stock, valued at approximately $304,000. Capital Square LLC owned 0.37% of Invesco S&P 500 Equal Weight Materials ETF at the end of the most recent quarter.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Equal Weight Materials ETF (RTM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RTM was launched on Nov 1, 2006 and is managed by Invesco.

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