Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTMGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $33.12 and traded as low as $31.43. Invesco S&P 500 Equal Weight Materials ETF shares last traded at $31.44, with a volume of 18,623 shares.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

The stock has a market cap of $183.30 million, a P/E ratio of 22.16 and a beta of 1.12. The stock’s 50 day simple moving average is $33.12 and its two-hundred day simple moving average is $42.29.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Equal Weight Materials ETF (RTM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted \u002F Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RTM was launched on Nov 1, 2006 and is managed by Invesco.

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