RSPY (Revere Sector Opportunity ETF) is no longer actively trading.
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This actively managed Exchange Traded Fund (ETF) primarily allocates its capital to other ETFs that target specific industry sectors within the S&P 500 Index. The S&P 500 is segmented into eleven distinct industry groups: Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials. Typically, under standard market circumstances, the fund's sub-adviser ensures the portfolio holds exposure to all eleven of these S&P 500 sectors. The management team retains the flexibility to modify these holdings, adapting to any shifts in the S&P 500's economic sector weightings.

It was another quiet week for launches as the summer slump continued. Only seven funds launched during the week ending July 28, the same amount as last week.

The week ending Friday, July 21, has been busy for the ETF industry, though launches were muted. A total of seven funds rolled out, which suggests the market could be entering some kind of summer slump.

It was a fairly quiet week for the U.S. ETF industry, largely because of the Fourth of July holiday that fell in the middle of the week. Launches and closures were muted, as were filings for new funds.

The Revere Sector Opportunity ETF (NYSE: RSPY) began trading on the New York Stock Exchange on Tuesday. “Using our proprietary process overlayed across the eleven sectors of the S&P 500 Index, we identify expected leadership through technical and macro analysis as well as options intelligence.