Investors 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 recipient of some unusual options trading on Wednesday. Investors bought 88,772 put options on the stock. This represents an increase of approximately 843% compared to the typical daily volume of 9,415 put options.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $174.22 on Friday. The firm has a 50-day simple moving average of $181.99 and a 200-day simple moving average of $174.25. Invesco S&P 500 Equal Weight ETF has a one year low of $153.10 and a one year high of $188.16. The firm has a market cap of $58.35 billion, a P/E ratio of 20.44 and a beta of 0.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RSP. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. Richardson Financial Services Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after buying an additional 72 shares during the last quarter. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $29,000. Finally, Riggs Asset Managment Co. Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 146.7% in the third quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after buying an additional 110 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).