Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD) Shares Down 4.2% – Time to Sell?

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RCD)’s stock price dropped 4.2% during trading on Tuesday . The company traded as low as $22.78 and last traded at $22.79. 6,323 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 9,447 shares. The stock had previously closed at $23.79.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Down 4.2%

The company has a market capitalization of $86.37 million, a PE ratio of 17.52 and a beta of 1.32. The firm’s 50-day moving average is $23.12 and its 200-day moving average is $22.09.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (the Fund), formerly Rydex S&P Equal Weight Consumer Discretionary ETF, seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Discretionary (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Discretionary Index that consists of the common stocks of industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing that comprise the consumer discretionary sector of the S&P 500 Index.