Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

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.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

The firm’s fifty day simple moving average is $46.60 and its 200 day simple moving average is $46.34. The firm has a market cap of $277.41 million, a P/E ratio of 16.81 and a beta of 1.20.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

(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.

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