Commonwealth Equity Services LLC purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Free Report) during the third quarter, HoldingsChannel reports. The firm purchased 107,003 shares of the company’s stock, valued at approximately $14,809,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 1.6% during the first quarter. Janney Montgomery Scott LLC now owns 5,538 shares of the company’s stock worth $710,000 after purchasing an additional 89 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 1.1% in the 1st quarter. Sanctuary Advisors LLC now owns 27,644 shares of the company’s stock valued at $3,546,000 after purchasing an additional 288 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 5.1% in the 2nd quarter. NewEdge Advisors LLC now owns 8,967 shares of the company’s stock valued at $1,312,000 after purchasing an additional 437 shares in the last quarter. J. Derek Lewis & Associates Inc. boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 4.3% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 10,985 shares of the company’s stock valued at $1,409,000 after purchasing an additional 456 shares in the last quarter. Finally, Ipsen Advisor Group LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 1.2% in the 1st quarter. Ipsen Advisor Group LLC now owns 46,159 shares of the company’s stock valued at $5,920,000 after purchasing an additional 564 shares in the last quarter.
Invesco S&P MidCap 400 Revenue ETF Trading Up 0.4%
NYSEARCA RWK opened at $148.93 on Thursday. The business’s 50 day moving average is $143.93 and its two-hundred day moving average is $140.94. Invesco S&P MidCap 400 Revenue ETF has a 12-month low of $118.54 and a 12-month high of $152.74. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 15.31 and a beta of 1.08.
About Invesco S&P MidCap 400 Revenue ETF
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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