Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Strong Trading Volume – Time to Buy?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) shares saw unusually-high trading volume on Friday . Approximately 61,215 shares were traded during trading, an increase of 176% from the previous session’s volume of 22,153 shares.The stock last traded at $133.5670 and had previously closed at $134.37.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

The company has a fifty day moving average price of $127.29 and a two-hundred day moving average price of $124.73. The company has a market cap of $1.12 billion, a P/E ratio of 14.05 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RWK. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock valued at $71,958,000 after buying an additional 472,081 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P MidCap 400 Revenue ETF during the third quarter worth $64,671,000. Bank of America Corp DE lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 44.3% in the third quarter. Bank of America Corp DE now owns 253,339 shares of the company’s stock valued at $31,670,000 after acquiring an additional 77,834 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 2.7% in the third quarter. Raymond James Financial Inc. now owns 129,802 shares of the company’s stock valued at $16,227,000 after acquiring an additional 3,436 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P MidCap 400 Revenue ETF by 3.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 120,500 shares of the company’s stock valued at $15,064,000 after acquiring an additional 4,449 shares during the period.

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.