Invesco Russell 1000 Enhanced Equal Weight ETF (USEQ)
Invesco Russell 1000 Enhanced Equal Weight ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $32.42, up 0.02% on the session, giving a market capitalisation of $2.4M. Its beta of 0.93 implies it has historically moved less than the broad market.
This ETF is designed to primarily invest its assets, typically allocating 90% or more of its total capital, into the securities that constitute its underlying benchmark. This benchmark is not the entire Russell 1000® Index, but rather a specialized selection from it. The Russell 1000 itself provides a measure of the U.S. large-cap equity market's performance, comprising the shares of the 1,000 largest companies in the United States. From this extensive universe, the fund's specific index focuses on picking stocks that display robust upward price momentum and appealing relative valuations.
Invesco Russell 1000 Enhanced Equal Weight ETF is most often compared with the following Financial Services names: