Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 52-Week High – What’s Next?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $131.24 and last traded at $131.18, with a volume of 9122 shares changing hands. The stock had previously closed at $130.28.

Invesco S&P 500 Revenue ETF Stock Performance

The company has a market capitalization of $9.51 billion, a P/E ratio of 18.14 and a beta of 0.85. The business’s fifty day simple moving average is $127.22 and its 200-day simple moving average is $121.45.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Axxcess Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Revenue ETF by 1,242.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,338,780 shares of the company’s stock valued at $153,290,000 after purchasing an additional 1,239,026 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Revenue ETF by 468.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,441,023 shares of the company’s stock valued at $164,997,000 after purchasing an additional 1,187,743 shares in the last quarter. Invesco Ltd. raised its stake in Invesco S&P 500 Revenue ETF by 12.2% during the third quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock valued at $1,015,453,000 after purchasing an additional 999,935 shares in the last quarter. LPL Financial LLC raised its stake in Invesco S&P 500 Revenue ETF by 16.8% during the fourth quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock valued at $672,218,000 after purchasing an additional 843,089 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Invesco S&P 500 Revenue ETF by 71.6% during the first quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock valued at $194,277,000 after purchasing an additional 705,554 shares during 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. 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.