Investors Buy High 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 some unusual options trading activity on Tuesday. Traders bought 20,062 call options on the stock. This represents an increase of approximately 44% compared to the average daily volume of 13,951 call options.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4%

Shares of NYSEARCA RSP opened at $203.10 on Wednesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $203.86. The stock’s 50 day moving average price is $195.90 and its 200-day moving average price is $190.63. The company has a market capitalization of $84.23 billion, a PE ratio of 20.10 and a beta of 0.99.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. NBZ Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $26,000. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $26,000. Aviso Financial Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $28,000. Investment Counsel Co. of Nevada purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $29,000. Finally, Tompkins Financial Corp bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $32,000. Institutional investors own 61.18% of the company’s stock.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.