Invesco S&P 500 Equal Weight ETF Target of Unusually Large Options Trading (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the target of some unusual options trading on Tuesday. Investors purchased 20,062 call options on the company. This represents an increase of 44% compared to the average volume of 13,951 call options.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded up $1.27 during trading hours on Tuesday, reaching $203.65. The company had a trading volume of 6,641,512 shares, compared to its average volume of 19,189,070. The business’s 50 day moving average price is $195.64 and its 200-day moving average price is $190.53. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $203.45. The firm has a market cap of $84.45 billion, a PE ratio of 20.10 and a beta of 0.99.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RSP. North Peak Capital Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 227.3% in the second quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock valued at $249,735,000 after purchasing an additional 2,453,262 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $327,184,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after buying an additional 1,103,629 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake 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 in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 5,593.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after purchasing an additional 955,677 shares in the last quarter. Hedge funds and other 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.