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RSPM | Invesco S&P 500® Equal Weight Materials ETF Overview

(Stock Exchange: NYSE)
Day's Range 34.49 - 34.74
52 Week Range 31.64 - 37.85
Beta 1.11
Implied Volatility 29.83%
IV Rank 11.82%
Day's Volume 100,689
Average Volume 49,708
Shares Outstanding 7,017,246
Inception Date 2006-11-07
Assets 260,894,400
Asset Class Equity
Expense Ratio N/A
P/E Ratio 18.04
EPS 1.92
Dividend Yield 1.99%
Dividend Per Share 0.69
Dividend ExDate N/A
Dividend PayDate N/A
RSPM differentiates itself by using an equal-weighting strategy, which only includes basic materials companies in the S&P 500. Smaller companies have the same weighting as giants, tilting the whole fund to midcaps. Perhaps surprisingly, this does not increase RSPM's portfolio volatility. In short, investors who want to make a less-concentrated bet on the most liquid basic materials firms can do so with confidence in RSPM. The index is rebalanced on a quarterly basis. Prior to June 7, 2023, the fund traded under the ticker RTM.
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Watching at RSPM technicals we can see that long-term trend is bearish, the same as bearish middle-term trend, but short-term trend is bullish. More technicals details can be found on RSPM Technicals page.
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