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

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) saw some unusual options trading on Tuesday. Traders bought 18,776 call options on the company. This represents an increase of approximately 60% compared to the typical volume of 11,750 call options.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF

Hedge funds have recently modified their holdings of the company. Ironwood Wealth Management LLC. raised its stake in Invesco S&P 500 Equal Weight ETF by 10.5% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 24,282 shares of the company’s stock valued at $3,989,000 after purchasing an additional 2,317 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $361,000. Riversedge Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.1% in the second quarter. Riversedge Advisors LLC now owns 117,543 shares of the company’s stock worth $19,310,000 after buying an additional 12,647 shares in the last quarter. Zimmermann Investment Management & Planning LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 23.4% during the second quarter. Zimmermann Investment Management & Planning LLC now owns 1,759 shares of the company’s stock worth $289,000 after acquiring an additional 334 shares during the last quarter. Finally, Legend Financial Advisors Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 11.2% during the second quarter. Legend Financial Advisors Inc. now owns 983 shares of the company’s stock valued at $161,000 after acquiring an additional 99 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $177.61 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $153.10 and a one year high of $188.16. The business has a fifty day moving average price of $181.77 and a 200-day moving average price of $174.64. The firm has a market capitalization of $59.49 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).