Traders Buy Large Volume of Put 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 Monday. Investors bought 89,957 put options on the stock. This represents an increase of 605% compared to the typical daily volume of 12,754 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Riversedge Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after buying an additional 7,883 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after acquiring an additional 173 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 17.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock valued at $6,614,000 after acquiring an additional 6,001 shares during the last quarter. Brightwater Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at $3,227,000. Finally, Montis Financial LLC increased its position in Invesco S&P 500 Equal Weight ETF by 61.3% in the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock worth $9,992,000 after purchasing an additional 21,202 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.2 %

RSP traded up $0.34 on Monday, hitting $173.59. 5,310,562 shares of the company’s stock traded hands, compared to its average volume of 7,242,179. Invesco S&P 500 Equal Weight ETF has a one year low of $153.10 and a one year high of $188.16. The firm has a market cap of $58.14 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company’s 50 day simple moving average is $180.89 and its 200-day simple moving average is $175.64.

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).