Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Shares Up 3% – Should You Buy?

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE)’s stock price rose 3% on Monday . The company traded as high as $79.11 and last traded at $79.00. Approximately 74,952 shares traded hands during trading, a decline of 11% from the average daily volume of 84,640 shares. The stock had previously closed at $76.67.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 3.0 %

The company has a market cap of $499.28 million, a PE ratio of 15.59 and a beta of 1.41. The stock’s 50 day moving average is $80.48 and its 200-day moving average is $78.80.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

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.