Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report)’s share price fell 0.7% during mid-day trading on Thursday. The stock traded as low as $140.08 and last traded at $140.56. 28,375 shares changed hands during trading, an increase of 39% from the average daily volume of 20,468 shares. The stock had previously closed at $141.53.
Invesco S&P MidCap 400 Revenue ETF Trading Down 0.7%
The business’s 50-day simple moving average is $147.85 and its 200 day simple moving average is $141.53. The firm has a market cap of $1.28 billion, a PE ratio of 14.05 and a beta of 1.06.
Institutional Trading of Invesco S&P MidCap 400 Revenue ETF
A number of hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 1.6% in the first quarter. Janney Montgomery Scott LLC now owns 5,538 shares of the company’s stock worth $710,000 after buying an additional 89 shares during the last quarter. Sanctuary Advisors LLC raised its position in Invesco S&P MidCap 400 Revenue ETF by 1.1% during the first quarter. Sanctuary Advisors LLC now owns 27,644 shares of the company’s stock valued at $3,546,000 after acquiring an additional 288 shares in the last quarter. NewEdge Advisors LLC raised its position in Invesco S&P MidCap 400 Revenue ETF by 5.1% during the second quarter. NewEdge Advisors LLC now owns 8,967 shares of the company’s stock valued at $1,312,000 after acquiring an additional 437 shares in the last quarter. J. Derek Lewis & Associates Inc. lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 4.3% in the first quarter. J. Derek Lewis & Associates Inc. now owns 10,985 shares of the company’s stock valued at $1,409,000 after acquiring an additional 456 shares during the period. Finally, Ipsen Advisor Group LLC lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 1.1% in the fourth quarter. Ipsen Advisor Group LLC now owns 45,595 shares of the company’s stock valued at $5,766,000 after acquiring an additional 486 shares during the period.
About Invesco S&P MidCap 400 Revenue ETF
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.
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