Invesco S&P 500 Equal Weight ETF Target of Unusually High Options Trading (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the target of some unusual options trading activity on Wednesday. Traders acquired 88,772 put options on the company. This represents an increase of approximately 843% compared to the average volume of 9,415 put options.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3 %

Shares of NYSEARCA:RSP opened at $174.22 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $153.10 and a 12 month high of $188.16. The company has a market capitalization of $58.35 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The firm’s 50-day moving average is $181.99 and its 200 day moving average is $174.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Destination Wealth Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.1% in the second quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock worth $328,000 after purchasing an additional 96 shares during the last quarter. Courage Miller Partners LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 0.6% in the 2nd quarter. Courage Miller Partners LLC now owns 46,896 shares of the company’s stock worth $7,704,000 after acquiring an additional 273 shares in the last quarter. Riversedge Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock worth $22,471,000 after acquiring an additional 7,883 shares during the period. Blue Trust Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the third quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after acquiring an additional 173 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.5% during the second quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock valued at $6,614,000 after acquiring an additional 6,001 shares in the last quarter.

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).