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

Shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYUGet Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $66.79 and traded as high as $69.60. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $69.47, with a volume of 20,760 shares changing hands.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.5 %

The company has a market cap of $305.67 million, a price-to-earnings ratio of 17.30 and a beta of 0.71. The company’s 50-day moving average is $66.79 and its 200 day moving average is $70.23.

About Invesco S&P 500 Equal Weight Utilities ETF

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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.

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