Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Reaches New 12-Month Low at $33.52

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $33.52 and last traded at $33.71, with a volume of 286144 shares. The stock had previously closed at $33.51.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The firm’s 50 day moving average price is $54.16 and its 200-day moving average price is $46.16. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 27.74 and a beta of 1.66.

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

A number of institutional investors have recently bought and sold shares of the business. Jackson Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 1,025.4% in the 3rd quarter. Jackson Wealth Management LLC now owns 55,145 shares of the company’s stock valued at $15,551,000 after purchasing an additional 50,245 shares in the last quarter. Royal Bank of Canada grew its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 991.6% in the 3rd quarter. Royal Bank of Canada now owns 1,200,290 shares of the company’s stock valued at $338,494,000 after purchasing an additional 1,090,334 shares during the period. Godsey & Gibb Inc. grew its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 900.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 5,360 shares of the company’s stock valued at $1,512,000 after purchasing an additional 4,824 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at approximately $26,101,000. Finally, Castle Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 900.0% in the 3rd quarter. Castle Wealth Management LLC now owns 12,600 shares of the company’s stock valued at $3,553,000 after purchasing an additional 11,340 shares during the period.

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.