Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Hits New 1-Year High – Time to Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $136.00 and last traded at $135.63, with a volume of 67,107 shares traded. The stock had previously closed at $134.71.

Invesco S&P 500 Revenue ETF Price Performance

The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. The business’s 50 day moving average is $132.99 and its 200 day moving average is $126.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RWL. Vantagepoint Investment Advisers LLC acquired a new position in Invesco S&P 500 Revenue ETF in the third quarter valued at approximately $284,703,000. Commonwealth Equity Services LLC acquired a new stake in Invesco S&P 500 Revenue ETF during the third quarter worth approximately $108,080,000. Bank of New York Mellon Corp lifted its position in shares of Invesco S&P 500 Revenue ETF by 71.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock worth $194,277,000 after buying an additional 705,554 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco S&P 500 Revenue ETF by 25.5% during the 1st quarter. Cetera Investment Advisers now owns 1,091,140 shares of the company’s stock worth $125,383,000 after buying an additional 221,983 shares during the last quarter. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF during the 3rd quarter worth approximately $21,916,000.

Invesco S&P 500 Revenue ETF Company Profile

(Get Free Report)

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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