Stock Traders Purchase Large Volume of Put Options on Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) saw some unusual options trading on Friday. Investors bought 17,974 put options on the company. This is an increase of 33% compared to the typical volume of 13,533 put options.

Invesco S&P 500 Equal Weight ETF Stock Down 0.8%

NYSEARCA RSP traded down $1.73 during trading on Friday, hitting $218.31. 10,333,738 shares of the stock traded hands, compared to its average volume of 11,818,338. The company has a market capitalization of $100.21 billion, a P/E ratio of 20.10 and a beta of 0.92. The firm has a 50-day simple moving average of $215.05 and a 200-day simple moving average of $207.75. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after buying an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after buying an additional 60,000 shares in the last quarter. Trust Co of Tennessee lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.3% in the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after acquiring an additional 12,435 shares during the last quarter. Finally, First Interstate Bank lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.6% in the 1st quarter. First Interstate Bank now owns 761,230 shares of the company’s stock valued at $146,095,000 after acquiring an additional 4,860 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Company Profile

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.