Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Sets New 52-Week 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 company 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 Stock Up 0.6 %

The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 28.23 and a beta of 1.66. The business’s 50 day simple moving average is $54.17 and its 200-day simple moving average is $46.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jackson Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 1,025.4% in the third quarter. Jackson Wealth Management LLC now owns 55,145 shares of the company’s stock worth $15,551,000 after acquiring an additional 50,245 shares during the last quarter. Royal Bank of Canada raised its holdings in 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 buying an additional 1,090,334 shares during the last quarter. Godsey & Gibb Inc. raised its holdings in 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 buying an additional 4,824 shares during the last quarter. Park Avenue Securities LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 3rd quarter valued at approximately $26,101,000. Finally, Castle Wealth Management LLC raised its holdings in 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 buying an additional 11,340 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

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.