Investors Purchase 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 target of some unusual options trading activity on Friday. Investors acquired 23,397 put options on the stock. This is an increase of approximately 67% compared to the average volume of 14,047 put options.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $179.99 on Friday. The firm’s 50 day simple moving average is $168.97 and its 200-day simple moving average is $176.35. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $188.16. The firm has a market cap of $73.76 billion, a PE ratio of 20.59 and a beta of 1.00.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 21,084.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock worth $1,487,984,000 after acquiring an additional 8,451,521 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 219.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after buying an additional 6,254,609 shares during the period. Texas Permanent School Fund Corp raised its position in Invesco S&P 500 Equal Weight ETF by 318.5% during the 4th quarter. Texas Permanent School Fund Corp now owns 8,162,449 shares of the company’s stock worth $1,430,306,000 after buying an additional 6,211,920 shares during the last quarter. Temasek Holdings Private Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $720,730,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $620,875,000.

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).