Invesco S&P 500 Equal Weight ETF Sees Increase in Inflows
Analyzing week-over-week changes in ETF shares outstanding, the Invesco S&P 500 Equal Weight ETF (Symbol: RSP) stands out with an inflow of approximately $307.3 million. This marks a 0.4% increase in outstanding units, rising from 414,230,000 to 416,060,000. Within RSP’s largest underlying components, Dollar Tree Inc (Symbol: DLTR) has increased by about 0.4%, Dollar General Corp (Symbol: DG) has seen a modest rise of 0.1%, while Newmont Corp (Symbol: NEM) has declined by about 1.6%. For a full list of holdings, visit the RSP Holdings page.
The chart below illustrates RSP’s one-year price performance compared to its 200-day moving average:
According to the chart, RSP’s 52-week low is $150.35, with a high of $188.16, and the most recent trade is at $167.24. Analyzing the share price against the 200-day moving average can be beneficial for investors interested in technical analysis.
Exchange-traded funds (ETFs) operate similarly to stocks, but when investors buy ETFs, they actually purchase “units” instead of shares. These units can be traded like stocks and can also be created or destroyed to meet investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating older units destroyed). The creation of new units necessitates purchasing the underlying holdings of the ETF, while the destruction of units involves selling those holdings, meaning large flows can significantly affect individual components within ETFs.
Click here to find out which 9 other ETFs had notable inflows.
Also see:
- Asset Management Dividend Stocks
- Genuine Parts DMA
- Funds Holding BIBL
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
