Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $148.30 and last traded at $148.11, with a volume of 3883 shares. The stock had previously closed at $146.44.
Invesco S&P MidCap 400 Revenue ETF Price Performance
The company has a fifty day moving average of $142.54 and a 200 day moving average of $136.23. The firm has a market capitalization of $1.30 billion, a P/E ratio of 14.05 and a beta of 1.06.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RWK. Royal Bank of Canada raised its stake in Invesco S&P MidCap 400 Revenue ETF by 0.6% during the first quarter. Royal Bank of Canada now owns 69,722 shares of the company’s stock worth $7,522,000 after buying an additional 442 shares during the last quarter. Jane Street Group LLC boosted its position in Invesco S&P MidCap 400 Revenue ETF by 418.0% during the first quarter. Jane Street Group LLC now owns 9,791 shares of the company’s stock valued at $1,056,000 after acquiring an additional 7,901 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Invesco S&P MidCap 400 Revenue ETF by 14.3% during the second quarter. JPMorgan Chase & Co. now owns 10,631 shares of the company’s stock valued at $1,243,000 after acquiring an additional 1,327 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 12.9% during the 2nd quarter. NewEdge Advisors LLC now owns 11,909 shares of the company’s stock worth $1,392,000 after acquiring an additional 1,359 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 11.1% during the 2nd quarter. Raymond James Financial Inc. now owns 126,366 shares of the company’s stock worth $14,771,000 after acquiring an additional 12,639 shares during the period.
Invesco S&P MidCap 400 Revenue ETF Company Profile
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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