Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Trading Up 2.4% – Time to Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYEGet Free Report) traded up 2.4% during mid-day trading on Friday . The stock traded as high as $80.2950 and last traded at $80.16. 72,619 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 84,640 shares. The stock had previously closed at $78.25.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 2.4%

The stock has a market cap of $610.02 million, a price-to-earnings ratio of 13.87 and a beta of 1.60. The firm’s 50-day moving average is $79.67 and its two-hundred day moving average is $77.61.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Equal Weight Energy ETF (RYE) is an exchange-traded fund that is based on the S&P 500 Equal Weight Energy Plus index. The fund tracks an equal-weighted index of US energy companies in the S&P 500. RYE was launched on Nov 1, 2006 and is managed by Invesco.

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