Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Sets New 12-Month High – Still a Buy?

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYEGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $84.73 and last traded at $84.56, with a volume of 33155 shares changing hands. The stock had previously closed at $83.16.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 1.1 %

The firm has a 50-day moving average of $77.59 and a two-hundred day moving average of $78.61. The company has a market capitalization of $627.78 million, a PE ratio of 12.22 and a beta of 0.60.

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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