Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Shares Down 1.8% – Should You Sell?

Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) were down 1.8% on Monday . The company traded as low as $38.4646 and last traded at $38.4646. Approximately 15,222 shares changed hands during trading, an increase of 45% from the average session volume of 10,472 shares. The stock had previously closed at $39.17.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

The company has a fifty day moving average price of $39.78 and a 200 day moving average price of $39.18. The stock has a market cap of $81.16 million, a P/E ratio of 21.19 and a beta of 1.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco S&P 500 Equal Weight Materials ETF stock. Capital Square LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,878 shares of the company’s stock, valued at approximately $304,000. Capital Square LLC owned about 0.37% of Invesco S&P 500 Equal Weight Materials ETF at the end of the most recent reporting period.

About Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RTM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RTM was launched on Nov 1, 2006 and is managed by Invesco.