Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Reaches New 12-Month Low – Here’s Why

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) hit a new 52-week low on Monday . The stock traded as low as $37.16 and last traded at $37.39, with a volume of 262072 shares changing hands. The stock had previously closed at $37.25.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company has a market cap of $4.24 billion, a P/E ratio of 27.74 and a beta of 1.66. The company has a fifty day moving average price of $57.02 and a two-hundred day moving average price of $55.47.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

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.