Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Reaches New 52-Week Low at $33.52

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $33.52 and last traded at $33.80, with a volume of 555930 shares trading hands. The stock had previously closed at $33.36.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The firm’s 50 day moving average is $59.04 and its 200-day moving average is $47.98. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 27.74 and a beta of 1.66.

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

A number of hedge funds have recently bought and sold shares of the business. Richard Bernstein Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 1,070.6% in the 3rd quarter. Richard Bernstein Advisors LLC now owns 6,074,111 shares of the company’s stock valued at $1,712,960,000 after buying an additional 5,555,242 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Invesco S&P 500 Equal Weight Technology ETF by 1,292.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,537,694 shares of the company’s stock valued at $1,561,685,000 after purchasing an additional 5,140,041 shares during the last quarter. Morgan Stanley lifted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 1,010.3% in the 3rd quarter. Morgan Stanley now owns 1,838,340 shares of the company’s stock valued at $518,430,000 after purchasing an additional 1,672,767 shares in the last quarter. LPL Financial LLC lifted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 922.3% in the 3rd quarter. LPL Financial LLC now owns 1,829,580 shares of the company’s stock valued at $515,960,000 after purchasing an additional 1,650,611 shares in the last quarter. Finally, PGIM Custom Harvest LLC boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 874.9% during the 3rd quarter. PGIM Custom Harvest LLC now owns 1,534,852 shares of the company’s stock worth $432,844,000 after purchasing an additional 1,377,414 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.