5 Best ETFs to Invest In For Long Term

3. Invesco S&P 500 Equal Weight ETF (NYSE:RSP)

Invesco S&P 500 Equal Weight ETF (NYSE:RSP) tracks the S&P 500 Equal Weight Index, with all stocks representing approximately the same percentage of the overall portfolio. The fund rebalances its portfolio on a quarterly basis. Invesco S&P 500 Equal Weight ETF (NYSE:RSP) charges a management fee of 0.20% and has a market value of $32.6 billion as of June 2. 

A prominent holding of Invesco S&P 500 Equal Weight ETF (NYSE:RSP) is EPAM Systems, Inc. (NYSE:EPAM), a leading American manufacturer of custom software, service development, digital platform engineering, and digital product design. Barclays analyst Ramsey El-Assal on May 9 raised the price target on EPAM Systems, Inc. (NYSE:EPAM) to $410 from $350 and reiterated an Overweight rating on the shares.

According to Insider Monkey’s first quarter database, Cliff Asness’ AQR Capital Management is a leading shareholder of EPAM Systems, Inc. (NYSE:EPAM), with 326,028 shares worth $96.70 million. Overall, 38 hedge funds were bullish on the stock at the conclusion of March 2022. 

Here is what Baron FinTech Fund has to say about EPAM Systems, Inc. (NYSE:EPAM) in its Q4 2021 investor letter:

“Outsourced software developer EPAM Systems, Inc. led the group after reporting outstanding quarterly financial results and raising full-year guidance to reflect strong client demand across all market segments.

EPAM Systems, Inc. provides outsourced software development to business customers. Shares rose on quarterly results that beat Street forecasts, with 52% revenue growth and 47% EPS growth. Management raised full-year financial guidance to reflect strong client demand across all market segments, and it expects organic revenue growth to exceed 20% over the long term with upside from accretive acquisitions. We continue to own the stock due to EPAM’s long runway for growth and strong execution.”