Explore the potential benefits and risks of investing in the Invesco S&P 500 Equal Weight Industrials ETF (RSPN) for your portfolio
New York: The Invesco S&P 500 Equal Weight Industrials ETF, or RSPN, is designed to give you a broad look at the industrial sector. Launched back in 2006, it’s a passively managed fund that’s been gaining traction among investors.
These types of ETFs are popular because they’re low-cost and transparent. They’re great for long-term investors who want to keep things simple. RSPN focuses on the industrials sector, which is one of the 16 sectors tracked by Zacks.
With over $641 million in assets, RSPN is a decent-sized ETF. It aims to match the performance of the S&P 500 Equal Weight Industrials Index, which treats all stocks in the industrial sector equally.
When you’re looking at ETFs, the expense ratio is key. RSPN has an annual operating cost of 0.40%, which is pretty standard for the industry. Plus, it offers a dividend yield of about 0.98% over the past year.
Before you invest, it’s smart to check out what’s in the ETF. RSPN is fully invested in the industrials sector. The biggest holding is United Airlines, making up about 2.20% of the fund, followed by Axon and GE Vernova.
This ETF has had a bit of a rough start this year, down about 0.44%, but it’s up nearly 19% over the last year. It’s traded between $41.66 and $55.08 in the past 52 weeks, showing some volatility.
RSPN has a Zacks ETF Rank of 2, which means it’s a solid buy. If you’re looking for alternatives, you might check out the Vanguard Industrials ETF or the Industrial Select Sector SPDR ETF, both of which have lower expense ratios.
In short, if you’re considering RSPN, it’s worth doing your homework. Look into your investment goals and see if this ETF fits your strategy. There are plenty of resources out there to help you make the best choice.
