Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Hits New 12-Month High – Still a Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYEGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.61 and last traded at $84.28, with a volume of 44381 shares trading hands. The stock had previously closed at $86.09.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 0.1 %

The company has a 50-day moving average of $78.98 and a 200-day moving average of $78.78. The company has a market capitalization of $620.48 million, a price-to-earnings ratio of 12.22 and a beta of 0.60.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Equal Weight Energy ETF (RYE) is an exchange-traded fund that is based on the S&P 500 Equal Weight Energy Plus index. The fund tracks an equal-weighted index of US energy companies in the S&P 500. RYE was launched on Nov 1, 2006 and is managed by Invesco.

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