Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Stock Sees Heavy Call Option Buying

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the target of unusually large options trading activity on Friday. Stock investors acquired 31,676 call options on the stock. This represents an increase of approximately 137% compared to the average daily volume of 13,340 call options.

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

NYSEARCA RSP traded up $0.66 during trading on Friday, reaching $209.66. The company’s stock had a trading volume of 7,428,661 shares, compared to its average volume of 12,143,235. The firm has a 50 day moving average price of $216.85 and a 200 day moving average price of $208.96. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The firm has a market capitalization of $95.88 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Charis Legacy Partners LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after purchasing an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after purchasing an additional 50 shares in the last quarter. Ballast Rock Private Wealth LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after buying an additional 51 shares during the period. Boston Standard Wealth Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.7% during the 2nd quarter. Boston Standard Wealth Management LLC now owns 2,012 shares of the company’s stock worth $431,000 after buying an additional 53 shares in the last quarter. Finally, SFM LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% during the 2nd quarter. SFM LLC now owns 4,443 shares of the company’s stock worth $945,000 after buying an additional 53 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

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.