RSP Stock Summary and Trading Ideas (Invesco S&P 500 Equal Weight ETF | ARCA:RSP)

The Invesco S&P 500 Equal Weight ETF (Fund) is based on the S&P 500 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights the stocks in the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

Invesco S&P 500 Equal Weight ETF trades on the ARCA stock market under the symbol RSP.

As of April 26, 2024, RSP stock price climbed to $162.43 with 5,376,499 million shares trading.

RSP has a beta of 0.96, meaning it tends to be less sensitive to market movements. RSP has a correlation of 0.78 to the broad based SPY ETF.

RSP has a market cap of $54.37 billion. This is considered a Large Cap stock.

In the last 3 years, RSP stock traded as high as $169.80 and as low as $124.92.

RSP has underperformed the market in the last year with a return of +16.8%, while the SPY ETF gained +27.4%. In the last 3 month period, RSP fell short of the market, returning +3.6%, while SPY returned +4.6%. However, in the most recent 2 weeks RSP has outperformed the stock market by returning +0.3%, while SPY returned -0.5%.

RSP support price is $160.99 and resistance is $163.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RSP stock will trade within this expected range on the day.