Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 1-Year High – Here’s What Happened

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWKGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $148.30 and last traded at $148.11, with a volume of 3883 shares traded. The stock had previously closed at $146.44.

Invesco S&P MidCap 400 Revenue ETF Price Performance

The firm’s fifty day moving average is $142.84 and its 200 day moving average is $136.49. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF

A number of institutional investors have recently modified their holdings of RWK. Farther Finance Advisors LLC purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter worth $30,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter worth about $65,000. Greenline Wealth Management LLC acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at about $67,000. Arax Advisory Partners acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at about $108,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at approximately $109,000.

Invesco S&P MidCap 400 Revenue ETF Company Profile

(Get Free Report)

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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