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RYE (Invesco S&P 500 Equal Weight Energy ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
See exactly how RYE's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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The fund primarily commits at least 90% of its total capital to the investments that make up its benchmark index. This benchmark is the S&P 500® Energy Index, which comprises the common equity shares of all corporations from the larger S&P 500® Index that are identified as members of the energy industry, as defined by the Global Industry Classification Standard (GICS).
Energy equities and ETFs are incurring punishment on multiple fronts this year. First, growth stocks are back in style and driving the broader market higher, giving investors reason to repudiate slower growth sectors.
Invesco has changed the tickers for its suite of equal-weight sector ETFs. Invesco united its lineup of 11 equal-weight sector ETFs with new tickers that connect back to the $33.6 billion Invesco S&P 500® Equal Weight ETF (RSP), effective June 6.
The sectors that have the highest concentration in the largest five companies can benefit most from an equal-weight strategy. An equal-weight strategy can reduce concentration risk in portfolios.
Launched on 11/01/2006, the Invesco S&P 500 Equal Weight Energy ETF (RYE) is a smart beta exchange traded fund offering broad exposure to the Energy ETFs category of the market.
RYE focuses on the energy sector but does so via an equal-weighted portfolio approach. You can't take the volatility out of the energy sector. However, some patterns are emerging that lead me to conclude that RYE is nearing an attractive price point.