The equal-weighted S&P 500 ETF that has been performing well and is on track for its longest winning streak of the year is the Invesco S&P 500 Equal Weight ETF (RSPS), as of the latest data available until September 16, 20241.
- Performance: RSPS has been rising and is on pace to achieve its longest daily gains streak since mid-December 20231.
- Record Territory: The ETF was trading in record territory as of September 16, 20241.
- Investment Focus: It equally weights stocks in the consumer staples sector of the S&P 500 Index2.
- Financial Metrics: RSPS has an expense ratio of 0.40% and a 12-month trailing dividend yield of 2.12%2.
- Institutional Confidence: There has been a positive sentiment among institutional investors, with firms like Brown Brothers Harriman & Co. and Oppenheimer & Co. Inc. increasing their holdings in RSPS34.
The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is a smart beta ETF that offers a unique investment approach by equally weighting stocks in the consumer staples sector, which has been performing well and is on track for its longest winning streak of the year21.
9/23/2024 02:40am
