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All equal-weighted sectors – aside from this one – is in the green so far in 2025
Seeking Alpha News (Mon, 3-Mar 12:03 PM ET)
The Invesco S&P 500 Equal Weight Energy ETF (Fund) is based on the S&P 500 Equal Weight Energy Plus Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index equally weights stocks in the energy sector of the S&P 500 Index. The energy sector includes companies engaged in the exploration and production, refining and marketing, and storage and transportation of oil and gas and coal and consumable fuels, as well as companies that offer oil and gas equipment and services. The Fund and the Index are rebalanced quarterly.
Invesco S&P 500 Equal Weight Energy ETF trades on the ARCA stock market under the symbol RSPG.
As of March 5, 2025, RSPG stock price declined to $74.94 with 26,751 million shares trading.
RSPG has a beta of 0.68, meaning it tends to be less sensitive to market movements. RSPG has a correlation of 0.15 to the broad based SPY ETF.
RSPG has a market cap of $478.12 million. This is considered a Small Cap stock.
RSPG has underperformed the market in the last year with a price return of +1.1% while the SPY ETF gained +14.4%. RSPG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.9% and -8.9%, respectively, while the SPY returned -4.4% and -5.3%, respectively.
RSPG support price is $75.87 and resistance is $78.49 (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 RSPG shares will trade within this expected range on the day.