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

Invesco S&P 500 Revenue ETF (NYSEARCA:RWLGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $135.71 and last traded at $135.58, with a volume of 34719 shares trading hands. The stock had previously closed at $134.47.

Invesco S&P 500 Revenue ETF Stock Performance

The business’s 50 day moving average price is $130.77 and its 200-day moving average price is $124.40. The firm has a market capitalization of $9.78 billion, a PE ratio of 18.14 and a beta of 0.85.

Institutional Trading of Invesco S&P 500 Revenue ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Kraft Davis & Associates LLC raised its position in Invesco S&P 500 Revenue ETF by 5.1% in the second quarter. Kraft Davis & Associates LLC now owns 89,476 shares of the company’s stock valued at $11,572,000 after purchasing an additional 4,326 shares during the period. Key Client Fiduciary Advisors LLC boosted its position in shares of Invesco S&P 500 Revenue ETF by 0.4% during the second quarter. Key Client Fiduciary Advisors LLC now owns 21,362 shares of the company’s stock worth $2,729,000 after buying an additional 78 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco S&P 500 Revenue ETF by 13.2% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,219 shares of the company’s stock valued at $156,000 after buying an additional 142 shares in the last quarter. RVW Wealth LLC raised its holdings in shares of Invesco S&P 500 Revenue ETF by 0.5% in the 2nd quarter. RVW Wealth LLC now owns 42,754 shares of the company’s stock valued at $5,462,000 after buying an additional 206 shares during the period. Finally, CX Institutional purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the 2nd quarter valued at $11,651,000.

About Invesco S&P 500 Revenue ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for Invesco S&P 500 Revenue ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Revenue ETF and related companies with MarketBeat.com's FREE daily email newsletter.