Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM) Sees Minor Gains – Is It a Smart Buy?

The Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RTM – Get Free Report) experienced a modest increase of 0.4% during Monday's mid-day trading session. The ETF reached a high of $36.75 and was last seen trading at $36.46. During the trading period, approximately 11,175 shares changed hands, marking a 7% rise from the average trading volume of 10,472 shares. The previous closing price for the ETF was $36.32.

RTM's Performance Overview

The Invesco S&P 500 Equal Weight Materials ETF has a 50-day simple moving average of $46.01 and a 200-day simple moving average of $46.69. With a market capitalization of $294.96 million, the ETF boasts a price-to-earnings (PE) ratio of 16.81 and a beta of 1.20, indicating a relatively higher volatility compared to the market.

About the Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF, commonly referred to by its ticker RTM, is an exchange-traded fund that mimics the performance of the S&P 500 Equal Weighted Materials Index. This fund is designed to track an equal-weighted index of U.S. materials companies listed in the S&P 500. RTM was launched on November 1, 2006, and is actively managed by Invesco.

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