Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Stock Price Down 3.5% – Time to Sell?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT – Get Free Report)’s share price was down 3.5% during mid-day trading on Wednesday . The company traded as low as $62.05 and last traded at $62.33. 849,433 shares traded hands during trading, an increase of 968% from the average session volume of 79,542 shares. The stock had previously closed at $64.56.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 3.5%

The firm has a market cap of $590.89 million, a P/E ratio of 26.94 and a beta of 1.18. The business has a fifty day simple moving average of $58.55 and a 200-day simple moving average of $50.78.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

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The Invesco S&P 500 Equal Weight Technology ETF (RYT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RYT was launched on Nov 1, 2006 and is managed by Invesco.

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