Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Stock Price Up 2.5% – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) shares were up 2.5% during mid-day trading on Monday . The company traded as high as $64.82 and last traded at $64.77. 320,768 shares traded hands during trading, an increase of 303% from the average daily volume of 79,542 shares. The stock had previously closed at $63.18.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The company has a market capitalization of $605.87 million, a price-to-earnings ratio of 26.94 and a beta of 1.18. The company has a 50-day moving average price of $62.86 and a 200-day moving average price of $57.48.

Institutional Investors 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 purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 84,186 shares of the company’s stock, valued at approximately $5,433,000. Compass Financial Management LLC owned 0.89% of Invesco S&P 500 Equal Weight Technology ETF at the end of the most recent reporting period.

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.