Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Stock Jumps 1.7% – Still a Buy?

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) shares were up 1.7% during trading on Tuesday. The stock traded as high as $41.19 and last traded at $41.03. Approximately 16,065 shares traded hands during mid-day trading, an increase of 53% from the average daily volume of 10,472 shares. The stock had previously closed at $40.35.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 1.7%

The firm has a market capitalization of $86.57 million, a PE ratio of 21.19 and a beta of 1.10. The stock has a 50-day moving average price of $39.01 and a 200 day moving average price of $39.02.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Materials ETF

A hedge fund recently bought a new stake in Invesco S&P 500 Equal Weight Materials ETF stock. Capital Square LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,878 shares of the company’s stock, valued at approximately $304,000. Capital Square LLC owned 0.37% of Invesco S&P 500 Equal Weight Materials ETF as of its most recent filing with the Securities & Exchange Commission.

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.