Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 52-Week High – Here’s Why

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high during trading on Monday . The stock traded as high as $51.92 and last traded at $51.8940, with a volume of 54044 shares changing hands. The stock had previously closed at $51.74.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The business has a fifty day moving average of $48.65 and a 200-day moving average of $47.39. The company has a market capitalization of $1.66 billion, a P/E ratio of 13.17 and a beta of 1.15.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Bank & Trust raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 26.7% in the 4th quarter. First Bank & Trust now owns 22,506 shares of the company’s stock worth $1,096,000 after acquiring an additional 4,740 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 15.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,815 shares of the company’s stock worth $1,923,000 after purchasing an additional 5,210 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 9.5% in the third quarter. Kestra Private Wealth Services LLC now owns 5,083 shares of the company’s stock worth $246,000 after purchasing an additional 439 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 131.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 12,850 shares of the company’s stock worth $621,000 after purchasing an additional 7,310 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Invesco S&P SmallCap 600 Revenue ETF in the third quarter valued at approximately $285,000.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.