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

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) saw unusually large options trading activity on Tuesday. Traders acquired 27,182 put options on the company. This represents an increase of approximately 95% compared to the average volume of 13,908 put options.

Invesco S&P 500 Equal Weight ETF Trading Down 0.5%

NYSEARCA RSP traded down $1.09 during trading hours on Thursday, hitting $214.64. The company’s stock had a trading volume of 9,706,666 shares, compared to its average volume of 13,866,548. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $218.11. The company has a market capitalization of $97.26 billion, a PE ratio of 20.10 and a beta of 0.91. The company’s 50-day simple moving average is $211.33 and its two-hundred day simple moving average is $203.53.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ballast Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 2.7% during the 2nd quarter. Ballast Inc. now owns 99,938 shares of the company’s stock valued at $21,264,000 after acquiring an additional 2,607 shares in the last quarter. Hudson Value Partners LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 53.6% in the second quarter. Hudson Value Partners LLC now owns 5,544 shares of the company’s stock valued at $1,180,000 after purchasing an additional 1,935 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.3% during the second quarter. JFS Wealth Advisors LLC now owns 5,691 shares of the company’s stock valued at $1,211,000 after purchasing an additional 74 shares in the last quarter. Nvest Wealth Strategies Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 4.4% during the second quarter. Nvest Wealth Strategies Inc. now owns 28,731 shares of the company’s stock worth $6,113,000 after purchasing an additional 1,204 shares during the last quarter. Finally, Dagco Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 8.2% during the second quarter. Dagco Inc. now owns 1,001 shares of the company’s stock worth $213,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Company Profile

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.