RSPM 37.45 Invesco S&P 500® Equal Weight Materials ETF
| Range: | 28.92-37.85 | Vol Avg: | 23884 | Last Div: | 0.68 | Changes: | 0.15 |
| Beta: | 1.21 | Cap: | 0.29B | Currency: | USD | Exchange: | NYSE |
| Sector: | Financial Services | IPO: | Tue Nov 07 2006 | Empoloyees: | |||
| CUSIP: | CIK: | ISIN: | US46137V3160 | Country: | US | ||
RSPM differentiates itself by using an equal-weighting strategy, which only includes basic materials companies in the S&P 500. Smaller companies have the same weighting as giants, tilting the whole fund to midcaps. Perhaps surprisingly, this does not increase RSPM's portfolio volatility. In short, investors who want to make a less-concentrated bet on the most liquid basic materials firms can do so with confidence in RSPM. The index is rebalanced on a quarterly basis. Prior to June 7, 2023, the fund traded under the ticker RTM.
Stock Details
About The Monevue
The content provided on this site is for informational purposes only and does not constitute financial, investment, or professional advice. We are not registered investment advisors or financial planners, and we do not provide recommendations or advice on buying, selling, or holding any particular stocks or securities. Any investment decisions should be made based on your own research and consultation with a qualified financial professional. We are not responsible for any financial loss or damages incurred from reliance on the information provided on this site. Please invest responsibly and seek professional advice when needed.
• Powered by StackThrow