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INVESCO S&P 500 EQUL WEIGHT IDX ETF USD UNITSINVESCO S&P 500 EQUL WEIGHT IDX ETF USD UNITSINVESCO S&P 500 EQUL WEIGHT IDX ETF USD UNITS

INVESCO S&P 500 EQUL WEIGHT IDX ETF USD UNITS

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Overview
Analysis Holdings News Discussions Technicals Seasonals

EQL.U chart


Full chart

Key stats


Assets under management (AUM)
‪63.02 M‬ USD
Fund flows (1Y)
‪26.24 M‬ USD
Dividend yield (indicated)
—
Discount/Premium to NAV
0.3%
Shares outstanding
‪1.82 M‬
Expense ratio
0.26%

About INVESCO S&P 500 EQUL WEIGHT IDX ETF USD UNITS


Issuer
Invesco Ltd
Brand
Invesco
Home page
invesco.com
Inception date
May 29, 2018
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
S&P 500 Equal Weight Index - CAD
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Invesco Canada Ltd.
The fund simply takes all the stocks in the S&P 500 and weights them equally. Equal weighting greatly increases the footprint of smaller S&P 500 stocks (many of which we consider to be midcaps), which results in higher beta for the portfolio. However, equal weighting also lowers concentration, reducing blow-up risk from any one name. While one should expect some sector biases here as well, EQL does not equal-weight sectors as some peer equal-weight ETFs do. Quarterly rebalancing implements the contrarian theme baked into all equal-weight plays: sell winners and buy losers.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Equal
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Committee

EQL.U analysis


What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
Top 10 holdings

EQL.U news



Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

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