Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) Sets New 12-Month Low at $32.09

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) shares reached a new 52-week low during trading on Monday . The company traded as low as $32.09 and last traded at $32.47, with a volume of 340795 shares trading hands. The stock had previously closed at $32.11.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

The stock’s 50-day moving average is $54.20 and its 200 day moving average is $45.99. The firm has a market cap of $3.73 billion, a P/E ratio of 28.23 and a beta of 1.66.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYT. Richard Bernstein Advisors LLC boosted 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 worth $1,712,960,000 after purchasing an additional 5,555,242 shares during the period. Ameriprise Financial Inc. boosted 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 worth $1,561,685,000 after purchasing an additional 5,140,041 shares during the period. Morgan Stanley boosted its stake 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 worth $518,430,000 after purchasing an additional 1,672,767 shares during the period. LPL Financial LLC boosted its stake 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 worth $515,960,000 after purchasing an additional 1,650,611 shares during the period. Finally, PGIM Custom Harvest LLC boosted its stake in Invesco S&P 500 Equal Weight Technology ETF by 874.9% in 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 period.

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.