Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Trading Up 1.6% – Should You Buy?

Shares of Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYEGet Free Report) rose 1.6% during trading on Friday . The company traded as high as $99.0396 and last traded at $98.15. Approximately 133,426 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 84,640 shares. The stock had previously closed at $96.65.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

The firm’s 50 day moving average is $85.60 and its 200 day moving average is $80.87. The company has a market cap of $746.92 million, a PE ratio of 13.87 and a beta of 1.60.

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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