Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Shares Up 1.6% – Time to Buy?

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYTGet Free Report) was up 1.6% during trading on Wednesday . The stock traded as high as $40.21 and last traded at $40.21. Approximately 348,131 shares changed hands during mid-day trading, an increase of 338% from the average daily volume of 79,542 shares. The stock had previously closed at $39.56.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 1.6 %

The company has a market cap of $4.56 billion, a price-to-earnings ratio of 27.74 and a beta of 1.66. The company has a fifty day simple moving average of $38.51 and a two-hundred day simple moving average of $53.20.

About Invesco S&P 500 Equal Weight Technology ETF

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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.

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