Stock Traders Purchase High Volume of Call Options on Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 41,465 call options on the stock. This is an increase of 213% compared to the average volume of 13,227 call options.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF

A number of large investors have recently made changes to their positions in the company. CoreCap Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 47.2% during the second quarter. CoreCap Advisors LLC now owns 465,261 shares of the company’s stock valued at $98,994,000 after buying an additional 149,280 shares during the period. Pacific Excel Wealth Advisors Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $309,000. Boston Standard Wealth Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 2.7% in the second quarter. Boston Standard Wealth Management LLC now owns 2,012 shares of the company’s stock worth $431,000 after acquiring an additional 53 shares during the period. Bangor Savings Bank raised its position in Invesco S&P 500 Equal Weight ETF by 7.6% in the second quarter. Bangor Savings Bank now owns 279,871 shares of the company’s stock worth $59,548,000 after acquiring an additional 19,669 shares during the period. Finally, Stableford Capital II LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 22.2% during the 2nd quarter. Stableford Capital II LLC now owns 2,074 shares of the company’s stock worth $441,000 after acquiring an additional 377 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock traded up $0.59 on Tuesday, reaching $215.59. The stock had a trading volume of 1,373,128 shares, compared to its average volume of 14,535,301. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37. The stock has a market cap of $95.08 billion, a P/E ratio of 20.10 and a beta of 0.91. The company has a 50 day simple moving average of $207.59 and a 200 day simple moving average of $201.10.

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.