Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 52-Week High – Still a Buy?

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) hit a new 52-week high on Wednesday . The company traded as high as $136.10 and last traded at $135.7690, with a volume of 4635 shares trading hands. The stock had previously closed at $134.03.

Invesco S&P MidCap 400 Revenue ETF Price Performance

The stock’s fifty day moving average price is $130.02 and its 200-day moving average price is $125.88. The firm has a market cap of $1.15 billion, a PE ratio of 14.05 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RWK. Capital Square LLC grew its position in shares of Invesco S&P MidCap 400 Revenue ETF by 4.2% in the second quarter. Capital Square LLC now owns 2,409 shares of the company’s stock valued at $295,000 after purchasing an additional 98 shares in the last quarter. Nwam LLC boosted its stake in Invesco S&P MidCap 400 Revenue ETF by 0.6% during the second quarter. Nwam LLC now owns 20,724 shares of the company’s stock worth $2,508,000 after buying an additional 124 shares during the last quarter. Western Wealth Management LLC boosted its stake in Invesco S&P MidCap 400 Revenue ETF by 0.9% during the third quarter. Western Wealth Management LLC now owns 15,433 shares of the company’s stock worth $1,929,000 after buying an additional 141 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 2.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,064 shares of the company’s stock valued at $826,000 after buying an additional 145 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 1.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,758 shares of the company’s stock worth $1,374,000 after acquiring an additional 188 shares during the last quarter.

Invesco S&P MidCap 400 Revenue ETF Company Profile

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.