Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Reaches New 12-Month Low – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYTGet Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $38.53 and last traded at $38.79, with a volume of 168116 shares trading hands. The stock had previously closed at $38.41.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 1.0 %

The firm has a 50 day simple moving average of $60.96 and a two-hundred day simple moving average of $56.57. The company has a market capitalization of $4.40 billion, a PE ratio of 27.74 and a beta of 1.66.

About Invesco S&P 500 Equal Weight Technology ETF

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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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