Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $126.82 and last traded at $126.56, with a volume of 122427 shares trading hands. The stock had previously closed at $126.10.
Invesco S&P 500 Revenue ETF Price Performance
The stock has a market capitalization of $8.96 billion, a P/E ratio of 18.14 and a beta of 0.86. The firm’s 50 day moving average price is $120.43 and its 200 day moving average price is $117.92.
Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. GoalVest Advisory LLC raised its stake in shares of Invesco S&P 500 Revenue ETF by 355.1% during the fourth quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the fourth quarter valued at about $26,000. SWAN Capital LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the fourth quarter valued at about $30,000. Aptus Capital Advisors LLC raised its stake in shares of Invesco S&P 500 Revenue ETF by 359.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock valued at $38,000 after acquiring an additional 259 shares during the last quarter. Finally, Tortoise Investment Management LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the third quarter valued at about $39,000.
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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