Invesco Equally-Weighted S&P 500 Fund Class Y (VADDX)
Invesco Equally-Weighted S&P 500 Fund Class Y operates in the Asset Management industry of the Financial Services sector, headquartered in Atlanta, GA, US. The stock last traded at $85.49, up 0.16% on the session, giving a market capitalisation of $7.44B. Its beta of 0.85 implies it has historically moved less than the broad market.
This fund primarily invests in the common stocks that comprise the S&P 500® Equal Weight Index, often allocating nearly all of its assets to these securities under ordinary market conditions. It may also employ derivatives and other financial tools designed to provide similar economic exposure to such holdings. The S&P 500® Equal Weight Index is a distinctive version of the standard S&P 500® Index, characterized by giving equal importance to each of its constituent companies. The conventional S&P 500® Index itself monitors the performance of equity securities issued by major U.S. corporations. Among the derivative instruments the fund is authorized to use are futures contracts.
Invesco Equally-Weighted S&P 500 Fund Class Y is most often compared with the following Financial Services names: