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) saw unusually large options trading on Wednesday. Stock investors bought 44,099 put options on the stock. This is an increase of approximately 410% compared to the typical volume of 8,653 put options.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8 %

Invesco S&P 500 Equal Weight ETF stock opened at $178.29 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $178.82. The company has a market cap of $59.72 billion, a P/E ratio of 20.44 and a beta of 0.90. The business has a 50-day simple moving average of $171.58 and a two-hundred day simple moving average of $167.33.

Institutional Trading of Invesco S&P 500 Equal Weight ETF

Several large investors have recently added to or reduced their stakes in RSP. Charles Schwab Investment Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $4,965,000. TrinityPoint Wealth LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 3.9% during the 4th quarter. TrinityPoint Wealth LLC now owns 5,647 shares of the company’s stock worth $891,000 after acquiring an additional 210 shares during the period. Franklin Resources Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 50.1% during the fourth quarter. Franklin Resources Inc. now owns 53,297 shares of the company’s stock valued at $8,410,000 after purchasing an additional 17,785 shares in the last quarter. Commerce Bank boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 25.4% in the fourth quarter. Commerce Bank now owns 2,387 shares of the company’s stock worth $377,000 after purchasing an additional 483 shares during the period. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $1,258,000.

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).