Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RHS) Stock Price Up 1.9% – Still a Buy?

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RHS)’s stock price shot up 1.9% during mid-day trading on Wednesday . The stock traded as high as $29.94 and last traded at $29.89. Approximately 51,311 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 71,436 shares. The stock had previously closed at $29.33.

Invesco S&P 500 Equal Weight Consumer Staples ETF Trading Up 1.9%

The business’s 50-day simple moving average is $29.77 and its 200 day simple moving average is $30.28. The firm has a market cap of $186.81 million, a PE ratio of 17.03 and a beta of 0.59.

Invesco S&P 500 Equal Weight Consumer Staples ETF Company Profile

Rydex S&P Equal Weight Consumer Staples ETF (the Fund) seeks replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Staples (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Staples Index that consists of the common stocks of industries, such as food and drug retailing, beverages, food products, tobacco, household products and personal products that comprise the consumer staples sector of the S&P 500 Index. The Fund uses a passive management strategy, known as replication, to track the performance of the Index.