Invesco Russell 1000 Low Beta Equal Weight ETF (USLB)
Invesco Russell 1000 Low Beta 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 $35.72, up 0.14% on the session, giving a market capitalisation of $14.3M. Its beta of 0.84 implies it has historically moved less than the broad market.
This Invesco ETF primarily dedicates at least 90% of its total investment capital to the specific securities included in its benchmark index. This underlying index is composed of a selection of companies drawn from the broader Russell 1000® Index that are identified as having low beta, indicating lower sensitivity to overall market movements. The Russell 1000® Index, for reference, measures the performance of large-capitalization companies in the U.S. stock market, encompassing the 1,000 largest American firms by market value.
Invesco Russell 1000 Low Beta Equal Weight ETF is most often compared with the following Financial Services names: