Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report) was the recipient of some unusual options trading on Friday. Stock traders purchased 31,676 call options on the company. This represents an increase of 137% compared to the average daily volume of 13,340 call options.
Institutional Trading of Invesco S&P 500 Equal Weight ETF
Several hedge funds have recently added to or reduced their stakes in the company. Charis Legacy Partners LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.5% in the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after acquiring an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock worth $930,000 after purchasing an additional 50 shares in the last quarter. Ballast Rock Private Wealth LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% in the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares during the last quarter. Boston Standard Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.7% in the 2nd quarter. Boston Standard Wealth Management LLC now owns 2,012 shares of the company’s stock valued at $431,000 after purchasing an additional 53 shares during the last quarter. Finally, SFM LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the 2nd quarter. SFM LLC now owns 4,443 shares of the company’s stock valued at $945,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 0.3%
RSP traded up $0.66 on Friday, hitting $209.66. 7,428,661 shares of the company were exchanged, compared to its average volume of 12,143,235. The firm has a 50-day moving average price of $216.85 and a two-hundred day moving average price of $208.96. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The company has a market cap of $95.88 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.
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.
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