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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYEGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $83.60 and last traded at $82.67, with a volume of 136403 shares trading hands. The stock had previously closed at $83.19.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 0.6 %

The firm has a market cap of $609.28 million, a price-to-earnings ratio of 12.22 and a beta of 0.60. The stock has a fifty day moving average price of $77.18 and a 200 day moving average price of $78.55.

About Invesco S&P 500 Equal Weight Energy ETF

(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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