Today were reported Guggenheim S&P 500 Equal Weight ETF (NYSEARCA:RSP)‘s daily net flows. The ETF registered $-40.02M asset outflows for -0.41% decrease, reaching $9732.23M after yestarday’s trading session. The chart of Guggenheim S&P 500 Equal Weight ETF shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF increased 2.16% or $1.73 on November 7, hitting $81.78. It is down 3.36% since April 5, 2016 and is uptrending. It has outperformed by 1.40% the S&P500.
The ETF’s YTD performance is 7.6%, the 1 year is 5.25% and the 3 year is 7.9%.
The ETF’s average P/E ratio is 18.1, the price to book is 2.28, the price to sales is 1.45 and the price to cashflow is 8.95. Guggenheim S&P 500 Equal Weight ETF is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Akamai Technologies Inc. for 0.27% of assets, Netflix Inc. for 0.26%, NVIDIA Corporation for 0.24%, Gap Inc. (The) Common Stock for 0.24%, Reynolds American Inc Common St for 0.23%, Level 3 Communications Inc. for 0.23%, FMC Technologies Inc. Common S for 0.23%, F5 Networks Inc. for 0.23%, Expedia Inc. for 0.23%, Royal Caribbean Cruises Ltd. Co for 0.23%. The ETF sector weights are: Basic Materials 4.64%, Consumer Cyclical 16.12%, Financial Services 13.58%, Realestate 4.60%, Consumer Defensive 7.97%, Healthcare 10.91%, Utilities 5.79%, Communication Services 2.05%, Energy 7.07%, Industrials 14.65%, Technology 12.62%. The ETF currently as 0% yield.
More notable recent Guggenheim S&P 500 Equal Weight ETF (NYSEARCA:RSP) news were published by: Etfdailynews.com which released: “Here’s How to Beat the S&P 500” on October 12, 2016, also Nasdaq.com with their article: “RSP, NFLX, FTI, FFIV: Large Outflows Detected at ETF” published on November 07, 2016, Foxbusiness.com published: “A Guidepost for Investing in â€œSmart Betaâ€ ETFs” on November 01, 2016. More interesting news about Guggenheim S&P 500 Equal Weight ETF (NYSEARCA:RSP) were released by: Nasdaq.com and their article: “Apartment Investment & Management (AIV) Shares Cross 3% Yield Mark” published on November 07, 2016 as well as Seekingalpha.com‘s news article titled: “A Guidepost For Investing In ‘Smart Beta’ ETFs” with publication date: November 02, 2016.
RSP Company Profile
Rydex S&P Equal Weight ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Equal Weight Index (the Index). The Index is the equal-weighted version of the S&P 500, which is a measure of the large-capitalization stocks of 500 major firms selected by Standard & Poorâ€™s, a division of The McGraw Hill Company, Inc., for their market size, liquidity and industry group representation. The Index is developed by Standard & Poor’s in collaboration with Rydex Investments. The Index utilizes quarterly rebalancing to maintain its equal-weight stance.
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