Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Trading Down 4.4% – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYTGet Free Report)’s stock price traded down 4.4% during mid-day trading on Monday . The stock traded as low as $43.55 and last traded at $43.58. 446,602 shares were traded during trading, an increase of 461% from the average session volume of 79,542 shares. The stock had previously closed at $45.57.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The stock has a market capitalization of $413.14 million, a P/E ratio of 26.94 and a beta of 1.18. The firm has a 50 day moving average of $42.74 and a 200-day moving average of $39.22.

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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