Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD) Trading Down 2.8% – Here’s Why

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD)’s share price traded down 2.8% during mid-day trading on Friday . The company traded as low as $21.00 and last traded at $21.06. 18,267 shares traded hands during trading, an increase of 63% from the average session volume of 11,238 shares. The stock had previously closed at $21.67.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Performance

The firm’s 50 day moving average price is $21.85 and its two-hundred day moving average price is $23.12. The company has a market cap of $79.82 million, a P/E ratio of 17.52 and a beta of 1.32.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (the Fund), formerly Rydex S&P Equal Weight Consumer Discretionary ETF, seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Discretionary (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Discretionary Index that consists of the common stocks of industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing that comprise the consumer discretionary sector of the S&P 500 Index.