Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Stock Price Up 1% – Here’s Why

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE)’s stock price rose 1% during mid-day trading on Monday . The stock traded as high as $105.11 and last traded at $104.57. Approximately 81,356 shares changed hands during trading, a decline of 4% from the average session volume of 84,640 shares. The stock had previously closed at $103.51.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The company’s 50 day moving average is $102.65 and its two-hundred day moving average is $99.01. The firm has a market cap of $795.78 million, a P/E ratio of 13.87 and a beta of 1.60.

About Invesco S&P 500 Equal Weight Energy ETF

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.