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

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSPGet Free Report) was the target of unusually large options trading on Tuesday. Stock investors purchased 18,776 call options on the company. This is an increase of 60% compared to the typical daily volume of 11,750 call options.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $177.61 on Wednesday. The stock has a market capitalization of $59.49 billion, a PE ratio of 20.44 and a beta of 0.90. The business has a 50 day simple moving average of $181.82 and a 200-day simple moving average of $174.55. Invesco S&P 500 Equal Weight ETF has a 12 month low of $153.10 and a 12 month high of $188.16.

Institutional Trading of Invesco S&P 500 Equal Weight ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ironwood Wealth Management LLC. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 10.5% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 24,282 shares of the company’s stock worth $3,989,000 after purchasing an additional 2,317 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $361,000. Riversedge Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.1% in the 2nd quarter. Riversedge Advisors LLC now owns 117,543 shares of the company’s stock worth $19,310,000 after acquiring an additional 12,647 shares during the last quarter. Zimmermann Investment Management & Planning LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 23.4% in the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 1,759 shares of the company’s stock worth $289,000 after acquiring an additional 334 shares during the last quarter. Finally, Legend Financial Advisors Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 11.2% during the 2nd quarter. Legend Financial Advisors Inc. now owns 983 shares of the company’s stock worth $161,000 after purchasing an additional 99 shares during the period.

Invesco S&P 500 Equal Weight ETF Company Profile

(Get Free Report)

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).

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