Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $65.27 and traded as high as $66.32. Invesco S&P 500 Equal Weight Technology ETF shares last traded at $66.16, with a volume of 783,168 shares changing hands.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The firm’s 50-day moving average is $65.27 and its two-hundred day moving average is $57.09. The company has a market cap of $627.20 million, a P/E ratio of 26.94 and a beta of 1.18.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Technology ETF

A hedge fund recently bought a new stake in Invesco S&P 500 Equal Weight Technology ETF stock. Compass Financial Management LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 84,186 shares of the company’s stock, valued at approximately $5,433,000. Compass Financial Management LLC owned about 0.89% of Invesco S&P 500 Equal Weight Technology ETF as of its most recent SEC filing.

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.