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Invesco S&P 500® Equal Weight Technology ETF (RSPT)RSPT
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: RSPT (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -3.23% | Upturn Advisory Performance  3 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -3.23% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 316288 | Beta 1.29 |
52 Weeks Range 25.99 - 38.50 | Updated Date 09/17/2024 |
52 Weeks Range 25.99 - 38.50 | Updated Date 09/17/2024 |
AI Summarization
Invesco S&P 500® Equal Weight Technology ETF (QQEW): An Overview
This report provides a comprehensive analysis of Invesco S&P 500® Equal Weight Technology ETF (QQEW), covering its profile, objectives, and key characteristics.
Profile:
- Focus: Technology sector of the S&P 500 Index.
- Asset allocation: Equal-weighted holdings across 75 technology companies.
- Investment strategy: Passively tracks the S&P 500® Equal Weight Technology Index.
Objective:
- To provide investors with exposure to the technology sector of the S&P 500 Index with equal weight allocation to each constituent.
Issuer:
- Company: Invesco Ltd. (NYSE: IVZ)
- Reputation and Reliability: Invesco is a renowned global investment management firm with over $1.4 trillion in assets under management.
- Management: The ETF is managed by a team of experienced professionals with a strong track record in the financial markets.
Market Share:
- Holds approximately 6% of the technology sector ETF market share.
Total Net Assets:
- As of November 10, 2023, the ETF has $4.5 billion in total net assets.
Moat:
- Equal-weighting strategy: Reduces concentration risk and enhances diversification.
- Low expense ratio: Offers competitive fees compared to similar ETFs.
- Invesco's brand recognition and reputation: Provides access to a well-established and respected asset manager.
Financial Performance:
- Historical returns: QQEW has delivered strong returns over the past 3 and 5 years, outperforming the S&P 500 Index.
- Benchmark Comparison: The ETF has consistently outperformed the S&P 500 Index on a risk-adjusted basis.
Growth Trajectory:
- Technology sector growth: The ETF is positioned to benefit from the continued growth of the technology sector.
- Investor demand for diversification: The equal-weighting strategy appeals to investors seeking to diversify their technology exposure.
Liquidity:
- Average Trading Volume: High average daily trading volume ensures easy buying and selling.
- Bid-Ask Spread: Tight bid-ask spread minimizes trading costs.
Market Dynamics:
- Economic indicators: Strong economic growth can positively impact technology stocks.
- Sector growth prospects: Continued technological advancements and innovation drive sector growth.
- Current market conditions: Market volatility can affect the ETF's performance.
Competitors:
- iShares S&P 500 Information Technology Sector Index (XLK): Market share leader with $36.5 billion in assets.
- Vanguard Information Technology ETF (VGT): $114.5 billion in assets, low expense ratio, and broad technology exposure.
Expense Ratio:
- 0.20% per year.
Investment Approach and Strategy:
- Strategy: Tracks the S&P 500® Equal Weight Technology Index.
- Composition: Invests in 75 technology companies with equal weights.
Key Points:
- Provides diversified exposure to the technology sector.
- Offers enhanced diversification through equal weighting.
- Has a strong track record of outperforming the market.
- Manages costs effectively with a low expense ratio.
Risks:
- Volatility: Technology stocks can be volatile, leading to fluctuations in the ETF's price.
- Market risk: The ETF's performance is tied to the technology sector's overall performance.
- Concentration risk: Despite equal weighting, the ETF is still concentrated in the technology sector.
Who Should Consider Investing:
- Investors seeking exposure to the technology sector.
- Investors who prefer equal-weighted allocation.
- Investors with a long-term investment horizon.
Fundamental Rating Based on AI:
8.5 out of 10
QQEW scores highly due to its strong financial performance, competitive expense ratio, established issuer, and growth potential. However, the concentration risk and sector-specific volatility should be considered.
Resources and Disclaimers:
- Invesco QQEW website: https://us.invesco.co
- ETF Database: https://etfdb.com/etf/QQEW/
- Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco S&P 500® Equal Weight Technology ETF
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Information Technology Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the information technology services sector, as defined according to the Global Industry Classification Standard (GICS).
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