Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Reaches New 12-Month Low at $28.83

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) hit a new 52-week low during trading on Wednesday . The company traded as low as $28.83 and last traded at $28.90, with a volume of 371008 shares trading hands. The stock had previously closed at $28.91.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 0.9 %

The stock has a market cap of $3.05 billion, a PE ratio of 17.16 and a beta of 1.18. The business has a 50-day moving average price of $66.80 and a 200 day moving average price of $200.71.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Institutional investors have recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at about $33,000. Larson Financial Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth $34,000. Advisors Preferred LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth $43,000. Nvwm LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth $55,000. Finally, Balentine LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at $59,000.

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.