Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 1-Year High – Should You Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $104.22 and last traded at $104.12, with a volume of 19382 shares changing hands. The stock had previously closed at $103.90.

Invesco S&P 500 Revenue ETF Trading Up 0.2 %

The company has a market capitalization of $3.53 billion, a PE ratio of 18.52 and a beta of 0.73. The firm’s 50-day simple moving average is $99.59 and its 200-day simple moving average is $95.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its holdings in shares of Invesco S&P 500 Revenue ETF by 1.0% in the 1st quarter. Comerica Bank now owns 11,660 shares of the company’s stock worth $1,093,000 after buying an additional 111 shares during the period. Concurrent Investment Advisors LLC lifted its stake in Invesco S&P 500 Revenue ETF by 1.0% in the second quarter. Concurrent Investment Advisors LLC now owns 12,323 shares of the company’s stock worth $1,141,000 after acquiring an additional 118 shares during the period. Huntington National Bank grew its holdings in Invesco S&P 500 Revenue ETF by 8.1% during the 3rd quarter. Huntington National Bank now owns 1,672 shares of the company’s stock worth $164,000 after acquiring an additional 125 shares in the last quarter. Perennial Investment Advisors LLC increased its position in Invesco S&P 500 Revenue ETF by 0.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 39,592 shares of the company’s stock valued at $3,667,000 after purchasing an additional 189 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of Invesco S&P 500 Revenue ETF by 7.2% in the 3rd quarter. Private Trust Co. NA now owns 3,072 shares of the company’s stock valued at $301,000 after purchasing an additional 205 shares in the last quarter.

Invesco S&P 500 Revenue ETF Company Profile

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.