Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Stock Passes Above 50 Day Moving Average – Here’s Why

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $67.06 and traded as high as $69.83. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $68.37, with a volume of 12,270 shares changing hands.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

The company has a market cap of $376.69 million, a PE ratio of 20.48 and a beta of 0.67. The stock has a 50 day moving average of $67.06 and a 200-day moving average of $70.48.

About Invesco S&P 500 Equal Weight Utilities ETF

The Invesco S&P 500 Equal Weight Utilities ETF (RYU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RYU was launched on Nov 1, 2006 and is managed by Invesco.