Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 12-Month High – What’s Next?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $118.20 and last traded at $118.16, with a volume of 216896 shares changing hands. The stock had previously closed at $118.06.

Invesco S&P 500 Revenue ETF Stock Performance

The firm has a market capitalization of $7.53 billion, a P/E ratio of 18.14 and a beta of 0.92. The firm has a 50 day moving average price of $114.06 and a two-hundred day moving average price of $110.00.

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

Institutional investors have recently bought and sold shares of the stock. Kozak & Associates Inc. lifted its stake in Invesco S&P 500 Revenue ETF by 0.8% during the fourth quarter. Kozak & Associates Inc. now owns 575,024 shares of the company’s stock valued at $67,887,000 after buying an additional 4,391 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at approximately $204,000. Dynamic Advisor Solutions LLC lifted its position in shares of Invesco S&P 500 Revenue ETF by 1.0% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 10,775 shares of the company’s stock valued at $1,234,000 after acquiring an additional 103 shares in the last quarter. Firethorn Wealth Partners LLC acquired a new position in Invesco S&P 500 Revenue ETF in the 4th quarter worth approximately $1,590,000. Finally, GoalVest Advisory LLC boosted its stake in Invesco S&P 500 Revenue ETF by 355.1% in the 4th quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the period.

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.