Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 1-Year High – Still a Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.97 and last traded at $57.79, with a volume of 32382 shares changing hands. The stock had previously closed at $56.93.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

The firm has a market cap of $1.89 billion, a P/E ratio of 13.17 and a beta of 1.08. The firm’s 50-day moving average price is $54.61 and its 200 day moving average price is $52.20.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CPC Advisors LLC boosted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 12.6% in the fourth quarter. CPC Advisors LLC now owns 365,973 shares of the company’s stock worth $17,830,000 after purchasing an additional 41,082 shares during the period. Guidance Capital Inc. raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 44.7% during the fourth quarter. Guidance Capital Inc. now owns 46,324 shares of the company’s stock worth $2,467,000 after purchasing an additional 14,320 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 25.3% during the fourth quarter. Belpointe Asset Management LLC now owns 48,880 shares of the company’s stock worth $2,381,000 after purchasing an additional 9,872 shares during the period. MAI Capital Management lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% in the 3rd quarter. MAI Capital Management now owns 415,978 shares of the company’s stock worth $20,092,000 after buying an additional 23,156 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 10.5% in the 4th quarter. Harbour Investments Inc. now owns 123,305 shares of the company’s stock valued at $6,007,000 after buying an additional 11,723 shares during the period.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.