Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 52-Week High – Time to Buy?

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $57.97 and last traded at $57.79, with a volume of 32382 shares trading hands. The stock had previously closed at $56.93.

Invesco S&P SmallCap 600 Revenue ETF Stock Up 1.1%

The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 13.17 and a beta of 1.08. The company has a 50-day moving average price of $54.92 and a 200-day moving average price of $52.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CPC Advisors LLC raised its position in Invesco S&P SmallCap 600 Revenue ETF by 12.6% in the fourth quarter. CPC Advisors LLC now owns 365,973 shares of the company’s stock worth $17,830,000 after purchasing an additional 41,082 shares in the last quarter. Guidance Capital Inc. raised its position in Invesco S&P SmallCap 600 Revenue ETF by 44.7% in the fourth quarter. Guidance Capital Inc. now owns 46,324 shares of the company’s stock worth $2,467,000 after purchasing an additional 14,320 shares in the last quarter. MAI Capital Management raised its position in Invesco S&P SmallCap 600 Revenue ETF by 5.9% in the third quarter. MAI Capital Management now owns 415,978 shares of the company’s stock worth $20,092,000 after purchasing an additional 23,156 shares in the last quarter. Belpointe Asset Management LLC raised its position in Invesco S&P SmallCap 600 Revenue ETF by 25.3% in the fourth quarter. Belpointe Asset Management LLC now owns 48,880 shares of the company’s stock worth $2,381,000 after purchasing an additional 9,872 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 10.5% during the fourth quarter. Harbour Investments Inc. now owns 123,305 shares of the company’s stock worth $6,007,000 after buying an additional 11,723 shares during the last quarter.

About Invesco S&P SmallCap 600 Revenue ETF

(Get Free Report)

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.

Further Reading

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