Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $46.60 and traded as low as $32.13. Invesco S&P 500 Equal Weight Materials ETF shares last traded at $33.12, with a volume of 27,156 shares trading hands.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 0.8 %

The company has a market capitalization of $277.41 million, a PE ratio of 16.81 and a beta of 1.20. The stock’s fifty day moving average price is $46.60 and its two-hundred day moving average price is $46.34.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

The Invesco S&P 500 Equal Weight Materials ETF (RTM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RTM was launched on Nov 1, 2006 and is managed by Invesco.