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

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) shares reached a new 52-week high during trading on Monday . The company traded as high as $133.01 and last traded at $132.63, with a volume of 19717 shares changing hands. The stock had previously closed at $131.71.

Invesco S&P 500 Revenue ETF Stock Up 0.9%

The firm has a 50-day moving average of $128.75 and a two-hundred day moving average of $122.78. The company has a market capitalization of $9.77 billion, a PE ratio of 18.14 and a beta of 0.85.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

Several large investors have recently modified their holdings of the business. Truist Financial Corp increased its position in shares of Invesco S&P 500 Revenue ETF by 58.5% during the 4th quarter. Truist Financial Corp now owns 46,346 shares of the company’s stock worth $5,307,000 after purchasing an additional 17,113 shares during the last quarter. AE Wealth Management LLC lifted its position in Invesco S&P 500 Revenue ETF by 10.7% in the fourth quarter. AE Wealth Management LLC now owns 43,769 shares of the company’s stock valued at $5,012,000 after buying an additional 4,215 shares during the last quarter. Denver Wealth Management Inc. lifted its position in Invesco S&P 500 Revenue ETF by 3.5% in the fourth quarter. Denver Wealth Management Inc. now owns 159,604 shares of the company’s stock valued at $18,275,000 after buying an additional 5,427 shares during the last quarter. Atlas Legacy Advisors LLC boosted its stake in Invesco S&P 500 Revenue ETF by 13.8% during the fourth quarter. Atlas Legacy Advisors LLC now owns 182,893 shares of the company’s stock worth $20,941,000 after buying an additional 22,197 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new position in Invesco S&P 500 Revenue ETF during the fourth quarter worth about $2,806,000.

About Invesco S&P 500 Revenue ETF

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.