Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Large Volume Increase – Here’s Why

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) saw unusually-high trading volume on Thursday . Approximately 192,074 shares traded hands during mid-day trading, an increase of 129% from the previous session’s volume of 83,987 shares.The stock last traded at $53.88 and had previously closed at $54.25.

Invesco S&P SmallCap 600 Revenue ETF Stock Up 0.7%

The company has a market cap of $1.79 billion, a PE ratio of 13.17 and a beta of 1.10. The business has a 50-day simple moving average of $52.60 and a 200-day simple moving average of $51.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RWJ. Morgan Stanley increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 5.9% in the 4th quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock worth $107,878,000 after acquiring an additional 124,135 shares in the last quarter. Fusion Family Wealth LLC lifted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 1.4% during the first quarter. Fusion Family Wealth LLC now owns 1,498,972 shares of the company’s stock valued at $75,668,000 after purchasing an additional 20,971 shares in the last quarter. Bank of America Corp DE grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 8.4% in the first quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock valued at $67,623,000 after purchasing an additional 104,300 shares during the period. UBS Group AG grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 0.9% in the third quarter. UBS Group AG now owns 816,789 shares of the company’s stock valued at $39,451,000 after purchasing an additional 7,522 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the third quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock worth $37,758,000 after purchasing an additional 134,756 shares in the last quarter.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.