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

Shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) reached a new 52-week high on Thursday. The company traded as high as $138.95 and last traded at $137.5170, with a volume of 206 shares traded. The stock had previously closed at $137.30.

Invesco S&P 500 Revenue ETF Stock Down 0.0%

The business’s 50 day moving average is $133.25 and its 200-day moving average is $126.84. The firm has a market cap of $10.55 billion, a P/E ratio of 19.29 and a beta of 0.86.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter valued at about $284,703,000. Bank of America Corp DE grew its stake in Invesco S&P 500 Revenue ETF by 0.3% in the first quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock worth $252,220,000 after purchasing an additional 5,552 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Invesco S&P 500 Revenue ETF by 71.6% in the first quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock worth $194,277,000 after purchasing an additional 705,554 shares in the last quarter. Fusion Family Wealth LLC increased its holdings in Invesco S&P 500 Revenue ETF by 3.0% in the first quarter. Fusion Family Wealth LLC now owns 1,677,074 shares of the company’s stock valued at $192,713,000 after buying an additional 48,750 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Invesco S&P 500 Revenue ETF by 26.8% in the third quarter. Allworth Financial LP now owns 1,214,222 shares of the company’s stock valued at $155,129,000 after buying an additional 256,998 shares during the last quarter.

Invesco S&P 500 Revenue ETF Company Profile

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.