Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Reaches New 52-Week High – Time to Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $86.61 and last traded at $84.28, with a volume of 44381 shares. The stock had previously closed at $86.09.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

The stock has a market capitalization of $621.14 million, a P/E ratio of 12.22 and a beta of 0.60. The firm has a 50-day moving average price of $78.28 and a 200 day moving average price of $78.70.

About Invesco S&P 500 Equal Weight Energy ETF

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.