Invesco S&P 100 Equal Weight ETF (EQWL) Stock Price, Quote, News & History | Benzinga

The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (S&P DJI or the Index Provider) compiles, maintains and calculates the Underlying Index, which consists of all of the components of the S&P 100 Index (the Parent Index). The Parent Index is designed to measure the performance of large-cap companies in the United States and includes equity securities of 100 major blue chip companies across multiple industry groups. The Underlying Index is an equal-weighted version of the Parent Index. Equal weighting means that, unlike the Parent Index, which employs a float-adjusted market capitalization weighted methodology, the Underlying Index assigns each component security the same weight at each quarterly rebalance. The Fund employs a full replication methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.