Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Stock Price Down 3.5% – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT)’s share price dropped 3.5% on Wednesday . The company traded as low as $62.05 and last traded at $62.33. Approximately 849,433 shares were traded during mid-day 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 Up 1.2%

The company has a market capitalization of $597.90 million, a price-to-earnings ratio of 26.94 and a beta of 1.18. The company has a 50 day simple moving average of $58.84 and a 200 day simple moving average of $50.89.

About Invesco S&P 500 Equal Weight Technology ETF

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.