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

Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTMGet Free Report) 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 Trading Up 2.8 %

The stock has a market cap of $267.94 million, a price-to-earnings ratio of 16.81 and a beta of 1.20. The stock’s 50 day moving average is $46.60 and its two-hundred day moving average is $46.25.

About Invesco S&P 500 Equal Weight Materials ETF

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Invesco S&P 500 Equal Weight Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.