Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Reaches New 12-Month Low at $36.26

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

Invesco S&P 500 Equal Weight Technology ETF Trading Down 0.2 %

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RYT. Ameriprise Financial Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 1,292.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,537,694 shares of the company’s stock valued at $1,561,685,000 after buying an additional 5,140,041 shares in the last quarter. Morgan Stanley raised its stake in Invesco S&P 500 Equal Weight Technology ETF by 1,010.3% during 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 during the period. Royal Bank of Canada lifted 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 worth $338,494,000 after purchasing an additional 1,090,334 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in Invesco S&P 500 Equal Weight Technology ETF by 911.6% during the 3rd quarter. Baker Avenue Asset Management LP now owns 507,525 shares of the company’s stock valued at $143,127,000 after buying an additional 457,355 shares in the last quarter. Finally, Phoenix Holdings Ltd. raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 690.3% during the third quarter. Phoenix Holdings Ltd. now owns 344,701 shares of the company’s stock valued at $97,209,000 after buying an additional 301,083 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.