Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Reaches New 12-Month Low at $37.25

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $37.25 and last traded at $37.49, with a volume of 317990 shares trading hands. The stock had previously closed at $37.14.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 0.9 %

The company’s 50-day simple moving average is $50.18 and its 200-day simple moving average is $49.95. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 27.74 and a beta of 1.66.

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

A number of institutional investors have recently modified their holdings of RYT. Morgan Stanley boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 1,010.3% during the third quarter. Morgan Stanley now owns 1,838,340 shares of the company’s stock worth $518,430,000 after acquiring an additional 1,672,767 shares in the last quarter. Phoenix Holdings Ltd. boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 690.3% during the third quarter. Phoenix Holdings Ltd. now owns 344,701 shares of the company’s stock worth $97,209,000 after acquiring an additional 301,083 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 434.9% during the third quarter. EP Wealth Advisors LLC now owns 54,081 shares of the company’s stock worth $15,251,000 after acquiring an additional 43,971 shares in the last quarter. Creative Planning boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 1,143.6% during the third quarter. Creative Planning now owns 47,232 shares of the company’s stock worth $13,320,000 after acquiring an additional 43,434 shares in the last quarter. Finally, Comerica Bank bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the third quarter worth $10,411,000.

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.