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

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the target of unusually large options trading activity on Monday. Stock investors acquired 89,522 put options on the company. This represents an increase of approximately 1,141% compared to the typical volume of 7,216 put options.

Invesco S&P 500 Equal Weight ETF Stock Up 0.9 %

RSP stock opened at $187.21 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $146.09 and a 52 week high of $187.99. The firm has a 50-day simple moving average of $179.88 and a 200-day simple moving average of $172.15. The stock has a market capitalization of $62.70 billion, a P/E ratio of 20.44 and a beta of 0.90.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RSP. Eastern Bank acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $28,000. Richardson Financial Services Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares during the period. GHP Investment Advisors Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after purchasing an additional 72 shares during the last quarter. Truvestments Capital LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $29,000. Finally, DHJJ Financial Advisors Ltd. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter.

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).