Traders Buy Large Volume of Call Options on Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 37,033 call options on the stock. This represents an increase of 227% compared to the average daily volume of 11,328 call options.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Japan Science & Technology Agency purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $656,908,000. North Peak Capital Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 227.3% during the 2nd quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock worth $249,735,000 after purchasing an additional 2,453,262 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after buying an additional 1,103,629 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Invesco S&P 500 Equal Weight ETF by 119.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock valued at $368,487,000 after buying an additional 1,102,322 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 303.3% during the second quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock worth $184,495,000 after acquiring an additional 763,825 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP traded up $1.37 during midday trading on Thursday, hitting $194.54. 13,641,632 shares of the stock were exchanged, compared to its average volume of 12,122,955. The firm has a market cap of $75.25 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $194.88. The stock has a fifty day simple moving average of $188.92 and a 200 day simple moving average of $185.79.

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).