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

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTMGet Free Report)’s share price 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 Trading Down 1.9 %

The firm has a market capitalization of $183.30 million, a P/E ratio of 22.16 and a beta of 1.12. The company has a 50-day moving average of $33.12 and a 200-day moving average of $42.29.

About Invesco S&P 500 Equal Weight Materials ETF

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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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