Invesco S&P 500 Equal Weight ETF Sees Significant $1.9 Billion Inflow
Recent data from ETF Channel reveals a noteworthy development in the Invesco S&P 500—Equal Weight ETF (Symbol: RSP). This ETF has experienced an inflow of approximately $1.9 billion, leading to a 2.6% week-over-week rise in its total units, which increased from 393,540,000 to 403,770,000. Today, among the leading stocks held by RSP, United Airlines Holdings Inc (Symbol: UAL) saw an uptick of about 1.8%, while Vistra Corp (Symbol: VST) declined by around 2.2%. Axon Enterprise Inc (Symbol: AXON) also reported a decrease of around 0.5%. For a complete list of holdings, visit the RSP Holdings page »
The chart below illustrates the one-year price performance of RSP compared to its 200-day moving average:
RSP’s price range over the past year highlights its performance. The low point reached $150.68 per share, while its high was $188.16. The most recent trading price stands at $183.31. Analyzing this price against the 200-day moving average can provide valuable insights—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) function similarly to stocks, with “units” being traded in place of “shares.” These units can be swapped like stocks, but they can also be created or destroyed based on investor interest. We track changes in shares outstanding weekly to identify ETFs with significant inflows (the creation of new units) or outflows (the destruction of old units). The creation of new units requires purchasing the ETF’s underlying holdings, while unit destruction involves selling these holdings, which can influence the stocks within the ETFs.
Click here to discover which 9 other ETFs have experienced notable inflows »
Also see:
- PRST market cap history
- MCS Price Target
- SONN Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
