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. Stock traders purchased 41,465 call options on the stock. This is an increase of 213% compared to the average volume of 13,227 call options.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $0.59 on Tuesday, reaching $215.59. The company’s stock had a trading volume of 1,373,128 shares, compared to its average volume of 14,535,301. The company has a market capitalization of $95.08 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm’s fifty day simple moving average is $207.59 and its two-hundred day simple moving average is $201.10. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37.

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

Large investors have recently bought and sold shares of the business. Morgan Stanley boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P 500 Equal Weight ETF by 3.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after purchasing an additional 959,176 shares during the period. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the period. Invesco Ltd. lifted its position in Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after purchasing an additional 444,846 shares during the period. Finally, State of Wisconsin Investment Board boosted its holdings in Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares during the last quarter. 61.18% of the stock is currently owned by 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.