Flows Buzzer: Guggenheim S&P 500 Equal Weight ETF Received $60.42M Net Flows After 0.55% Assets Increase

Flows Buzzer: Guggenheim S&P 500 Equal Weight ETF Received $60.42M Net Flows After 0.55% Assets Increase

Today were published Guggenheim S&P 500 Equal Weight ETF (NYSEARCA:RSP)‘s daily net flows. The ETF registered $60.42M asset inflows for 0.55% increase, reaching $11091.19M after yestarday’s trading session. The chart of Guggenheim S&P 500 Equal Weight ETF shows positive 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 inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF increased 0.07% or $0.06 on November 29, hitting $85.8. It is down 5.98% since April 27, 2016 and is uptrending. It has outperformed by 0.75% 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. Co 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: Globenewswire.com which released: “Guggenheim Announces that Upcoming Changes to the S&P 500® Equal Weight …” on July 22, 2016, also Etfdailynews.com with their article: “Why Equal Weight ETFs are Outperforming This Year” published on August 30, 2016, Zacks.com published: “Inside Guggenheim’s Samp;P 100 Equal-Weight ETF” on July 14, 2016. More interesting news about Guggenheim S&P 500 Equal Weight ETF (NYSEARCA:RSP) were released by: Benzinga.com and their article: “Guggenheim Introduces Equal-Weight S&P 100 ETF” published on June 30, 2016 as well as Seekingalpha.com‘s news article titled: “5 Ways We Beat The Market In 1H16: Part V” with publication date: July 12, 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 & Poor’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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