Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 52-Week High – Here’s Why

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $151.53 and last traded at $151.53, with a volume of 3939 shares traded. The stock had previously closed at $150.01.

Invesco S&P MidCap 400 Revenue ETF Stock Up 1.6%

The company has a market capitalization of $1.35 billion, a P/E ratio of 14.05 and a beta of 1.06. The business has a 50 day simple moving average of $145.39 and a 200-day simple moving average of $138.06.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at approximately $30,000. Flagship Harbor Advisors LLC acquired a new stake in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter valued at approximately $65,000. Greenline Wealth Management LLC bought a new stake in Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at $67,000. Arax Advisory Partners bought a new stake in Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at $108,000. Finally, Sunbelt Securities Inc. acquired a new position in Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter worth $109,000.

Invesco S&P MidCap 400 Revenue ETF Company Profile

(Get Free Report)

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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