Invesco S&P 500 Equal Weight ETF Sees Unusually High Options Volume (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the target of unusually large options trading activity on Thursday. Traders acquired 76,098 put options on the stock. This is an increase of approximately 489% compared to the typical daily volume of 12,914 put options.

Institutional Trading of Invesco S&P 500 Equal Weight ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. GRIMES & Co WEALTH MANAGEMENT LLC increased its position in Invesco S&P 500 Equal Weight ETF by 107.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock valued at $50,459,000 after acquiring an additional 137,493 shares during the period. CMG Global Holdings LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.6% in the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after purchasing an additional 4,262 shares during the last quarter. Sowell Financial Services LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 23.2% in the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after purchasing an additional 3,829 shares during the last quarter. Argent Advisors Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 5.8% in the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after purchasing an additional 3,135 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 46.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock worth $21,244,000 after purchasing an additional 37,119 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP traded down $1.12 on Thursday, hitting $199.19. The company’s stock had a trading volume of 21,505,336 shares, compared to its average volume of 18,944,859. The company has a market capitalization of $82.60 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $200.95. The company has a 50 day moving average price of $195.02 and a 200 day moving average price of $190.18.

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.