Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYU) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RYUGet Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $72.00 and traded as low as $68.59. Invesco S&P 500 Equal Weight Utilities ETF shares last traded at $68.63, with a volume of 12,547 shares traded.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

The company has a 50 day moving average of $72.16 and a 200 day moving average of $66.82. The stock has a market capitalization of $296.08 million, a price-to-earnings ratio of 17.30 and a beta of 0.71.

About Invesco S&P 500 Equal Weight Utilities ETF

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The Invesco S&P 500 Equal Weight Utilities ETF (RYU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RYU was launched on Nov 1, 2006 and is managed by Invesco.

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