Investors Buy Large Volume of Call 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 Monday. Stock traders acquired 12,795 call options on the stock. This is an increase of approximately 14% compared to the average daily volume of 11,213 call options.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $1.62 during trading hours on Monday, reaching $194.48. The company’s stock had a trading volume of 4,783,881 shares, compared to its average volume of 8,472,216. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $195.46. The company’s 50 day simple moving average is $190.14 and its 200 day simple moving average is $187.69. The stock has a market cap of $76.29 billion, a P/E ratio of 20.10 and a beta of 0.99.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF

Several large investors have recently added to or reduced their stakes in RSP. Brighton Jones LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $83,931,000. Bison Wealth LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the last quarter. Sepio Capital LP boosted its holdings in Invesco S&P 500 Equal Weight ETF by 23.2% during the first quarter. Sepio Capital LP now owns 83,908 shares of the company’s stock worth $14,535,000 after buying an additional 15,799 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth approximately $26,000. 61.18% of the stock is owned by institutional investors and hedge funds.

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.