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

(Stock Exchange: NYSE)
Day's Range 32.54 - 33.25
52 Week Range 31.64 - 37.85
Beta 1.10
Implied Volatility 35.50%
IV Rank 39.82%
Day's Volume 91,328
Average Volume 19,253
Shares Outstanding 8,273,684
Inception Date 2006-11-07
Assets 260,894,400
Asset Class Equity
Expense Ratio N/A
P/E Ratio 17.59
EPS 1.88
Dividend Yield 1.99%
Dividend Per Share 0.66
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, as well as bearish short-term trend. More technicals details can be found on RSPM Technicals page.
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