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Asset Summary

Daily Performance Report for RSPD ETF: Nov 6, 2024

Summary: The day started with RSPD ETF opening at $53.57 and closing at $53.05. The ETF showed weakness throughout the day, with the highest price observed at $53.57 and the lowest at $52.59. The underlying asset had a trading range of $0.98 Overall, it was a negative trading day for RSPD ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.52 or -0.97% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for RSPD ETF was 82,281 units during Nov 6, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $53.57.

Highest Price: The highest price observed during the day was $53.57.

Lowest Price: The lowest price observed during the day was $52.59.

Closing Price: The day ended at $53.05.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Similar ETFs to RSPD include the Consumer Discretionary Select Sector SPDR Fund (XLY) and the Invesco S&P 500 Equal Weight ETF (RSP). These ETFs also focus on consumer discretionary or use an equal weighting approach but may differ in their specific focus or index.

Investors can purchase shares of RSPD through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "RSPD."

Key performance metrics for RSPD include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely RSPD follows the S&P 500 Equal Weight Consumer Discretionary Index.

Historically, RSPD’s performance reflects the trends of the consumer discretionary sector, adjusted for the equal weighting of its constituents. Performance can vary based on economic conditions, consumer trends, and the financial health of individual companies within the sector.

As of the latest update, RSPD has an expense ratio of approximately 0.40%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.

RSPD is managed by Invesco. The fund aims to replicate the performance of the S&P 500 Equal Weight Consumer Discretionary Index by holding the same stocks in equal proportions as the index. The management involves periodic rebalancing to ensure that the ETF maintains equal weight for each constituent.

Yes, investing in RSPD carries risks such as sector risk and market risk. The consumer discretionary sector can be affected by economic cycles, changes in consumer spending habits, and market volatility. The equal weighting approach can also result in higher volatility compared to market-cap-weighted indices.

RSPD is designed to closely track the performance of the S&P 500 Equal Weight Consumer Discretionary Index. Therefore, its performance should be very similar to that of the index, with minor variations due to tracking error and management fees.

Dividends received from the underlying securities in RSPD are collected and distributed to ETF shareholders. Investors can choose to receive dividends in cash or reinvest them to purchase additional shares of RSPD.

RSPD includes consumer discretionary companies that are part of the S&P 500 Index. These companies are involved in non-essential goods and services, such as retail, media, entertainment, and automobiles. Each company in the index has an equal weight.

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