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

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the recipient of unusually large options trading activity on Tuesday. Traders bought 18,776 call options on the stock. This is an increase of approximately 60% compared to the average volume of 11,750 call options.

Invesco S&P 500 Equal Weight ETF Stock Up 0.6 %

RSP traded up $1.03 during trading on Tuesday, hitting $177.31. 1,699,477 shares of the company traded hands, compared to its average volume of 6,116,622. The firm has a market cap of $59.39 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $153.10 and a one year high of $188.16. The stock’s fifty day moving average is $181.82 and its 200 day moving average is $174.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RSP. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after acquiring an additional 18,390,083 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after purchasing an additional 6,352,369 shares during the period. US Bancorp DE lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2,150.4% during the 2nd quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock worth $342,213,000 after purchasing an additional 1,990,537 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 174.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock worth $384,415,000 after buying an additional 1,488,000 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda increased its holdings in Invesco S&P 500 Equal Weight ETF by 1,502.5% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock worth $160,348,000 after acquiring an additional 839,150 shares during the period.

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).