Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Shares Climb 1.7% – Time to Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE – Get Free Report) shares traded up 1.7% on Monday. The stock traded as high as $121.08 and last traded at $120.95. Approximately 74,990 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 84,640 shares. The stock had previously closed at $118.95.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 1.7%

The company has a market capitalization of $920.43 million, a PE ratio of 13.87 and a beta of 1.60. The stock’s 50-day moving average is $114.73 and its two-hundred day moving average is $104.88.

About Invesco S&P 500 Equal Weight Energy ETF

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The Invesco S&P 500 Equal Weight Energy ETF (RYE) is an exchange-traded fund that is based on the S&P 500 Equal Weight Energy Plus index. The fund tracks an equal-weighted index of US energy companies in the S&P 500. RYE was launched on Nov 1, 2006 and is managed by Invesco.

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