Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 1-Year High – Here’s Why

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $133.50 and last traded at $133.4230, with a volume of 904 shares traded. The stock had previously closed at $132.68.

Invesco S&P MidCap 400 Revenue ETF Trading Up 0.0%

The company has a market cap of $1.11 billion, a P/E ratio of 14.05 and a beta of 1.17. The firm’s fifty day moving average price is $126.85 and its 200-day moving average price is $124.60.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of institutional investors have recently bought and sold shares of the business. Allworth Financial LP raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 36.5% during the 3rd quarter. Allworth Financial LP now owns 1,699 shares of the company’s stock worth $212,000 after buying an additional 454 shares during the period. Capital Square LLC lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 16.8% during the 3rd quarter. Capital Square LLC now owns 2,813 shares of the company’s stock valued at $352,000 after purchasing an additional 404 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the third quarter worth approximately $109,000. Susquehanna International Group LLP raised its stake in Invesco S&P MidCap 400 Revenue ETF by 166.4% in the 3rd quarter. Susquehanna International Group LLP now owns 19,340 shares of the company’s stock worth $2,418,000 after purchasing an additional 12,081 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P MidCap 400 Revenue ETF by 3.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 120,500 shares of the company’s stock valued at $15,064,000 after buying an additional 4,449 shares during the period.

Invesco S&P MidCap 400 Revenue ETF Company Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually.