Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Hits New 1-Year Low at $36.26

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) reached a new 52-week low on Monday . The stock traded as low as $36.26 and last traded at $36.60, with a volume of 465758 shares. The stock had previously closed at $36.66.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

The company has a market cap of $4.15 billion, a P/E ratio of 27.74 and a beta of 1.66. The business’s 50 day moving average price is $49.86 and its 200-day moving average price is $49.82.

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

Hedge funds have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 901.9% during the third quarter. SRS Capital Advisors Inc. now owns 521 shares of the company’s stock worth $147,000 after acquiring an additional 469 shares during the last quarter. Front Row Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 900.0% during the 3rd quarter. Front Row Advisors LLC now owns 900 shares of the company’s stock worth $254,000 after purchasing an additional 810 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 900.0% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 1,550 shares of the company’s stock valued at $437,000 after purchasing an additional 1,395 shares during the period. Harbour Investments Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 900.0% in the 3rd quarter. Harbour Investments Inc. now owns 2,340 shares of the company’s stock valued at $660,000 after purchasing an additional 2,106 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 927.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 3,021 shares of the company’s stock valued at $852,000 after purchasing an additional 2,727 shares during the last quarter.

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.