Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Stock Price Up 0.3% – Still a Buy?

Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) shot up 0.3% during trading on Friday . The stock traded as high as $37.22 and last traded at $37.0788. 15,181 shares changed hands during trading, an increase of 45% from the average session volume of 10,472 shares. The stock had previously closed at $36.97.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

The stock’s fifty day moving average price is $33.73 and its 200-day moving average price is $33.29. The firm has a market cap of $78.24 million, a price-to-earnings ratio of 21.19 and a beta of 1.10.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

The Invesco S&P 500 Equal Weight Materials ETF (RTM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RTM was launched on Nov 1, 2006 and is managed by Invesco.