Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Trading Down 1.8% – Here’s What Happened

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT)’s share price traded down 1.8% during trading on Tuesday . The company traded as low as $43.20 and last traded at $43.51. 338,738 shares were traded during trading, an increase of 326% from the average session volume of 79,542 shares. The stock had previously closed at $44.33.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The stock’s 50-day simple moving average is $46.69 and its 200 day simple moving average is $45.78. The company has a market capitalization of $412.47 million, a PE ratio of 26.94 and a beta of 1.18.

About Invesco S&P 500 Equal Weight Technology ETF

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.