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Asset Summary

Weekly Performance Report for RSPU ETF: Week 45, 2024

Summary: The Weekly started with RSPU ETF opening at $66.04 and closing at $66.57. The ETF showed resilience throughout the Weekly, with the highest price observed at $66.89 and the lowest at $65.52. The underlying asset had a trading range of $1.37 Overall, it was a positive trading Weekly for RSPU ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.53 or 0.80% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for RSPU ETF was 86,010 units during Week 45, indicating active market participation and investor interest.

Opening Price: The Weekly started at $66.04.

Highest Price: The highest price observed during the Weekly was $66.89.

Lowest Price: The lowest price observed during the Weekly was $65.52.

Closing Price: The Weekly ended at $66.57.

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

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

Key performance metrics for RSPU 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 RSPU follows the S&P 500 Equal Weight Utilities Index.

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

RSPU typically distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying securities in the ETF’s portfolio.

Yes, investing in RSPU carries risks such as sector risk and interest rate risk. The utilities sector can be sensitive to changes in interest rates and economic conditions. The equal weighting approach can also result in higher volatility compared to market-cap-weighted indices.

RSPU includes utilities companies that are part of the S&P 500 Index. These companies operate in sectors such as electric utilities, gas utilities, and water utilities. Each company in the index is given an equal weight.

As of the latest update, RSPU 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.

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

Similar ETFs to RSPU include the Utilities Select Sector SPDR Fund (XLU) and the Invesco S&P 500 Equal Weight ETF (RSP). These ETFs also focus on utilities or use an equal weighting approach but may differ in their specific focus or index.

Historically, RSPU’s performance reflects the trends in the utilities sector, adjusted for the equal weighting of its constituents. Performance can vary based on interest rates, regulatory changes, and the financial health of individual companies within the sector.

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