Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Reaches New 52-Week Low – What’s Next?

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYTGet Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $38.91 and last traded at $39.08, with a volume of 871406 shares traded. The stock had previously closed at $38.65.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The firm’s 50-day simple moving average is $67.13 and its 200-day simple moving average is $57.26. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 27.74 and a beta of 1.66.

About Invesco S&P 500 Equal Weight Technology ETF

(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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