Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $124.67 and last traded at $124.05, with a volume of 179235 shares trading hands. The stock had previously closed at $124.39.
Invesco S&P 500 Revenue ETF Stock Down 0.3%
The firm’s 50 day simple moving average is $118.75 and its 200 day simple moving average is $116.79. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Kraft Davis & Associates LLC increased its stake in shares of Invesco S&P 500 Revenue ETF by 6.7% during the fourth quarter. Kraft Davis & Associates LLC now owns 98,730 shares of the company’s stock valued at $11,640,000 after acquiring an additional 6,235 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $251,111,000. Retirement Planning Group LLC NY increased its stake in shares of Invesco S&P 500 Revenue ETF by 7.5% during the third quarter. Retirement Planning Group LLC NY now owns 61,184 shares of the company’s stock valued at $6,771,000 after acquiring an additional 4,270 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $591,000. Finally, Allworth Financial LP increased its stake in shares of Invesco S&P 500 Revenue ETF by 1.5% during the third quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock valued at $252,815,000 after acquiring an additional 32,997 shares during the period.
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.
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