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

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) shares traded up 1% during trading on Monday. The company traded as high as $68.44 and last traded at $68.12. Approximately 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 Price Performance

The company has a market capitalization of $645.78 million, a PE ratio of 26.94 and a beta of 1.18. The company has a 50 day moving average of $64.24 and a two-hundred day moving average of $59.38.

Institutional Trading of 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 purchased a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 84,186 shares of the company’s stock, valued at approximately $5,433,000. Compass Financial Management LLC owned approximately 0.89% of Invesco S&P 500 Equal Weight Technology ETF at the end of the most recent reporting period.

About Invesco S&P 500 Equal Weight Technology ETF

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.