Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Stock Jumps 0.4% – Time to Buy?

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT – Get Free Report) were up 0.4% during trading on Monday. The company traded as high as $64.53 and last traded at $64.23. 619,213 shares traded hands during trading, an increase of 678% from the average session volume of 79,542 shares. The stock had previously closed at $63.95.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The company has a market capitalization of $608.90 million, a P/E ratio of 26.94 and a beta of 1.18. The company has a fifty day moving average price of $65.33 and a two-hundred day moving average price of $56.80.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF

A hedge fund recently bought a new position in Invesco S&P 500 Equal Weight Technology ETF stock. Compass Financial Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 84,186 shares of the company’s stock, valued at approximately $5,433,000. Compass Financial Management LLC owned 0.89% of Invesco S&P 500 Equal Weight Technology ETF as of its most recent filing with the Securities and Exchange Commission.

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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