Invesco S&P 500 Equal Weight ETF Target of Unusually High Options Trading (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 27,182 put options on the company. This represents an increase of 95% compared to the typical volume of 13,908 put options.

Invesco S&P 500 Equal Weight ETF Stock Up 1.3%

RSP traded up $2.79 during trading on Tuesday, reaching $217.97. 6,512,363 shares of the company’s stock were exchanged, compared to its average volume of 13,852,477. The business has a 50 day moving average price of $210.77 and a 200 day moving average price of $203.24. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $218.05. The company has a market capitalization of $97.87 billion, a P/E ratio of 20.10 and a beta of 0.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RSP. Brighton Jones LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $11,553,000. Finally, Gamco Investors INC. ET AL acquired a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $279,000. 61.18% of the stock is owned by institutional investors.

About Invesco S&P 500 Equal Weight ETF

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.