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

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYUGet Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $77.06 and traded as low as $74.42. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $74.85, with a volume of 26,930 shares traded.

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

The company has a market capitalization of $242.51 million, a PE ratio of 18.42 and a beta of 0.55. The firm has a 50 day simple moving average of $76.97 and a two-hundred day simple moving average of $75.03.

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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