Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYUGet Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $79.59 and traded as low as $79.54. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $80.37, with a volume of 26,877 shares changing hands.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

The business has a 50-day moving average of $79.59 and a 200-day moving average of $78.88. The stock has a market capitalization of $260.40 million, a price-to-earnings ratio of 18.42 and a beta of 0.55.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

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The Invesco S&P 500 Equal Weight Utilities ETF (RYU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RYU was launched on Nov 1, 2006 and is managed by Invesco.

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