Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) shares saw unusually-strong trading volume on Tuesday. Approximately 37,336 shares were traded during trading, an increase of 82% from the average daily volume of 20,543 shares. The stock last traded at $147.9040 and had previously closed at $147.50.
Invesco S&P MidCap 400 Revenue ETF Stock Performance
The company’s fifty day moving average price is $144.06 and its 200 day moving average price is $140.45. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Heritage Family Offices LLP bought a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the third quarter valued at about $27,000. Burke & Herbert Bank & Trust Co. bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at about $261,000. Kestra Advisory Services LLC grew its position in Invesco S&P MidCap 400 Revenue ETF by 10.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 21,208 shares of the company’s stock valued at $2,935,000 after buying an additional 1,922 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at about $14,809,000. Finally, Vantagepoint Investment Advisers LLC acquired a new position in Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter valued at about $76,527,000.
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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