Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Trades 2.2% Higher – Should You Buy?

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE – Get Free Report ) were up 2.2% during mid-day trading on Friday. The company traded as high as $80.98 and last traded at $80.93. About 40,629 shares traded hands during trading, down 52% from the average daily volume of 84,640 shares. Shares previously closed at $79.15.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The company has a fifty day simple moving average of $77.05 and a 200 day simple moving average of $79.42. The firm has a market cap of $596.45 million, a price-to-earnings ratio of 12.22 and a beta of 0.60.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

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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 November 1, 2006 and is managed by Invesco.

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