Traders Buy High 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 target of some unusual options trading activity on Wednesday. Stock traders bought 88,772 put options on the stock. This is an increase of 843% compared to the average volume of 9,415 put options.

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

Institutional investors have recently made changes to their positions in the stock. Eastern Bank bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. GHP Investment Advisors Inc. boosted its holdings 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 purchasing an additional 72 shares during the period. Truvestments Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $29,000. Richardson Financial Services Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the period. Finally, Bristlecone Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $33,000.

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

RSP traded up $0.01 on Wednesday, hitting $180.14. The company’s stock had a trading volume of 2,787,827 shares, compared to its average volume of 6,055,621. Invesco S&P 500 Equal Weight ETF has a 12 month low of $153.10 and a 12 month high of $188.16. The firm has a market cap of $60.34 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s 50 day simple moving average is $182.15 and its 200-day simple moving average is $174.25.

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).