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) was the target of some unusual options trading activity on Thursday. Stock traders acquired 9,166 call options on the company. This is an increase of approximately 10% compared to the average daily volume of 8,328 call options.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP traded up $1.47 on Friday, hitting $168.53. 11,476,333 shares of the company were exchanged, compared to its average volume of 6,057,147. The stock’s fifty day moving average is $165.10 and its 200-day moving average is $162.49. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $169.80. The company has a market cap of $56.45 billion, a PE ratio of 20.44 and a beta of 0.90.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Partnership Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $25,000. Howe & Rusling Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Fairman Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth approximately $27,000. DHJJ Financial Advisors Ltd. lifted its holdings 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 worth $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Creekmur Asset Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 86.5% in the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 90 shares during the period.

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).