Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Hits New 1-Year Low – Should You Sell?

by · The Cerbat Gem

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $37.59 and last traded at $37.62, with a volume of 181641 shares. The stock had previously closed at $37.57.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The company’s 50 day moving average price is $61.57 and its 200 day moving average price is $55.06. The firm has a market cap of $4.33 billion, a PE ratio of 27.74 and a beta of 1.66.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

(Get Free Report)

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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