Invesco S&P 500 Equal Weight Energy ETF (RSPG)
Invesco S&P 500 Equal Weight Energy ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $109.27, down 0.12% on the session, giving a market capitalisation of $553.9M. Its beta of 0.07 implies it has historically moved less than the broad market.
The Invesco S&P 500 Equal Weight Energy ETF (RSPG) aims to mirror the performance of the S&P 500 Equal Weight Energy Plus Index. To achieve this, the fund allocates at least 90% of its total assets to the common stocks of companies included in that index. The benchmark index applies an equal weighting to all constituents within the S&P 500's energy sector. This sector encompasses businesses engaged in various facets of the energy industry, such as finding, extracting, processing, and distributing oil, natural gas, coal, and other consumable fuels, alongside companies providing essential equipment and services to the oil and gas industry. Both the ETF and its underlying index undergo rebalancing on a quarterly basis.
Invesco S&P 500 Equal Weight Energy ETF is most often compared with the following Financial Services names: