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Ford, Envista Holdings, and Alaska Air are among additions to GS’ Long Duration list
Seeking Alpha News (Thu, 28-Mar 1:49 PM ET)
Ford, Envista Holdings, and Alaska Air are among additions to GS’ Short Duration list
Seeking Alpha News (Thu, 28-Mar 1:49 PM ET)
CCL, SPB, RARE, and VRSK are new additions to GS’ Long Duration Basket
Seeking Alpha News (Thu, 28-Mar 1:46 PM ET)
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 March 28, 2024, RSP stock price climbed to $169.37 with 3,689,809 million shares trading.
RSP has a beta of 1.02, meaning it tends to be more sensitive to market movements. RSP has a correlation of 0.81 to the broad based SPY ETF.
RSP has a market cap of $54.40 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 +23.3%, while the SPY ETF gained +33.6%. In the last 3 month period, RSP fell short of the market, returning +7.6%, while SPY returned +10.1%. However, in the most recent 2 weeks RSP has outperformed the stock market by returning +2.3%, while SPY returned +1.7%.
RSP support price is $167.73 and resistance is $169.83 (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.