Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 12-Month High – Here’s Why

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) hit a new 52-week high on Tuesday . The stock traded as high as $149.27 and last traded at $149.27, with a volume of 488 shares traded. The stock had previously closed at $147.35.

Invesco S&P MidCap 400 Revenue ETF Trading Up 0.8%

The company’s 50 day moving average is $144.17 and its 200-day moving average is $137.43. The stock has a market cap of $1.32 billion, a PE ratio of 14.05 and a beta of 1.06.

Institutional Inflows and Outflows

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

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.