Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Stock Jumps 1% – Here’s What Happened

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) rose 1% on Monday. The company traded as high as $68.44 and last traded at $68.12. 1,239,659 shares were traded during mid-day trading, an increase of 1,458% from the average session volume of 79,542 shares. The stock had previously closed at $67.42.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 1.0%

The firm has a market capitalization of $645.78 million, a PE ratio of 26.94 and a beta of 1.18. The firm has a 50 day simple moving average of $64.24 and a 200 day simple moving average of $59.38.

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

An institutional investor recently bought a new stake in Invesco S&P 500 Equal Weight Technology ETF stock. Compass Financial Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 84,186 shares of the company’s stock, valued at approximately $5,433,000. Compass Financial Management LLC owned about 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.