Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Stock Price Up 2.5% – Here’s What Happened

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT)’s share price was up 2.5% during mid-day trading on Monday . The company traded as high as $64.82 and last traded at $64.77. 320,768 shares traded hands during mid-day trading, an increase of 303% from the average session volume of 79,542 shares. The stock had previously closed at $63.18.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 2.5%

The firm’s fifty day simple moving average is $62.83 and its 200-day simple moving average is $57.36. The firm has a market capitalization of $614.02 million, a PE ratio of 26.94 and a beta of 1.18.

Institutional Trading of Invesco S&P 500 Equal Weight Technology ETF

A hedge fund recently bought a new position in Invesco S&P 500 Equal Weight Technology ETF stock. Compass Financial Management LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 84,186 shares of the company’s stock, valued at approximately $5,433,000. Compass Financial Management LLC owned 0.89% of Invesco S&P 500 Equal Weight Technology ETF as of its most recent filing with the SEC.

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.