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

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) saw some unusual options trading on Monday. Investors acquired 89,522 put options on the stock. This represents an increase of approximately 1,141% compared to the typical volume of 7,216 put options.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. Richardson Financial Services Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% during the third 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. lifted its position in Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $29,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in Invesco S&P 500 Equal Weight ETF by 107.5% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.0 %

Shares of NYSEARCA RSP opened at $187.23 on Wednesday. The stock has a 50 day moving average of $180.09 and a 200-day moving average of $172.30. Invesco S&P 500 Equal Weight ETF has a 12 month low of $146.09 and a 12 month high of $187.99. The company has a market capitalization of $62.71 billion, a P/E 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).