Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Stock Price Up 1.7% – Here’s Why

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM)’s share price shot up 1.7% during mid-day trading on Tuesday. The stock traded as high as $41.19 and last traded at $41.03. 16,065 shares were traded during trading, an increase of 53% from the average session volume of 10,472 shares. The stock had previously closed at $40.35.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 2.4%

The firm has a market cap of $86.70 million, a price-to-earnings ratio of 21.19 and a beta of 1.10. The stock has a 50 day moving average of $38.98 and a 200 day moving average of $39.06.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Materials ETF

A hedge fund recently bought a new stake in Invesco S&P 500 Equal Weight Materials ETF stock. Capital Square LLC acquired a new position in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,878 shares of the company’s stock, valued at approximately $304,000. Capital Square LLC owned 0.37% of Invesco S&P 500 Equal Weight Materials ETF at the end of the most recent reporting period.

About Invesco S&P 500 Equal Weight Materials ETF

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.