Validea Releases In-Depth Report on Invesco S&P 500 Equal Weight ETF

Validea releases a comprehensive report on the Invesco S&P 500 Equal Weight ETF, analyzing its exposure to key investing factors. The ETF, with $55.91 billion in assets, invests in 506 holdings, focusing on large-cap investments across various sectors and industries.

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Validea Releases In-Depth Report on Invesco S&P 500 Equal Weight ETF

Validea Releases In-Depth Report on Invesco S&P 500 Equal Weight ETF

On May 12, 2024, Validea released a comprehensive fundamental report on the Invesco S&P 500 Equal Weight ETF (RSP), a large-cap low volatility exchange-traded fund. The report provides a detailed analysis of RSP's exposure to key investing factors, including value, quality, momentum, and low volatility.

Why this matters: This report provides valuable insights for investors seeking to diversify their portfolios and manage risk in a volatile market. As a large-cap low volatility ETF, RSP's performance has broader implications for the overall stock market and investor sentiment.

RSP is a sizable fund with approximately $55.91 billion in assets under management. The ETF invests in 506 holdings, focusing on large-cap investments across various sectors and industries. Technology stands out as the largest sector in RSP's portfolio, while Electric Utilities takes the top spot as the most prominent industry.

Notable stocks in RSP's portfolio include Freeport-McMoRan (FCX), General Electric (GE), Hasbro (HAS), Newmont (NEM), NRG Energy (NRG), United Airlines (UAL), Chipotle Mexican Grill (CMG), Delta Air Lines (DAL), Domino's Pizza (DPZ), and Generac (GNRC). This diverse mix of holdings spans various sectors, reflecting the equal-weight approach of the fund.

RSP has a management fee of 0.20%, with no other recorded expenses or fee waivers, resulting in a net expense ratio of 0.20%. This places the fund in a competitive position in terms of cost-efficiency compared to other large-cap ETFs in the market.

Institutional investors have taken notice of RSP, with top shareholders including JPMorgan Chase & Co. (2.12%), Raymond James Financial Services Advisors Inc. (0.65%), Chai Trust Co. LLC (0.53%), Global Assets Advisory LLC (0.59%), Meitav Investment House Ltd. (0.43%), and Raymond James & Associates (0.43%). The presence of these institutional investors demonstrates the fund's appeal to professional money managers.

As of January 1st, 2024, RSP's stock was trading at $157.80. Since then, the fund has experienced a 5.3% increase, with shares currently trading at $166.11. This growth reflects the strong performance of the equal-weighted approach in the current market environment.

Investors interested in adding RSP to their portfolios can purchase shares through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

The release of Validea's fundamental report on the Invesco S&P 500 Equal Weight ETF provides investors with valuable insights into the fund's exposure to key investing factors and its potential as a large-cap low volatility investment option. With its diverse portfolio, competitive expense ratio, and strong performance, RSP has positioned itself as an attractive choice for investors seeking a balanced approach to the U.S. stock market.

Key Takeaways

  • Validea releases comprehensive report on Invesco S&P 500 Equal Weight ETF (RSP).
  • RSP has $55.91 billion in assets, 506 holdings, and a 0.20% management fee.
  • Top sectors: Technology; top industry: Electric Utilities.
  • Institutional investors hold 4.22% of RSP shares, including JPMorgan Chase & Co.
  • RSP shares up 5.3% since Jan 1, 2024, currently trading at $166.11.