Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 1-Year High – Still a Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $121.82 and last traded at $121.73, with a volume of 43943 shares changing hands. The stock had previously closed at $120.61.

Invesco S&P 500 Revenue ETF Price Performance

The firm has a market capitalization of $8.68 billion, a P/E ratio of 18.14 and a beta of 0.87. The firm has a 50-day moving average price of $118.07 and a two-hundred day moving average price of $115.56.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF during the first quarter worth approximately $683,000. Qube Research & Technologies Ltd boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 36.8% in the second quarter. Qube Research & Technologies Ltd now owns 8,424 shares of the company’s stock valued at $879,000 after purchasing an additional 2,267 shares during the period. Bank of America Corp DE grew its stake in Invesco S&P 500 Revenue ETF by 0.9% in the second quarter. Bank of America Corp DE now owns 2,011,138 shares of the company’s stock worth $209,742,000 after purchasing an additional 18,686 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in Invesco S&P 500 Revenue ETF by 1.0% in the second quarter. Great Valley Advisor Group Inc. now owns 12,628 shares of the company’s stock worth $1,317,000 after purchasing an additional 125 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Invesco S&P 500 Revenue ETF by 42.4% in the second quarter. MML Investors Services LLC now owns 181,317 shares of the company’s stock worth $18,910,000 after purchasing an additional 53,968 shares in the last quarter.

About Invesco S&P 500 Revenue ETF

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500. 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.