Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Reaches New 1-Year High – Time to Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.45 and last traded at $62.40, with a volume of 28632 shares traded. The stock had previously closed at $61.86.

Invesco S&P SmallCap 600 Revenue ETF Trading Up 1.6%

The firm’s fifty day moving average price is $58.92 and its 200-day moving average price is $54.92. The company has a market cap of $2.13 billion, a P/E ratio of 13.17 and a beta of 1.07.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 10.5% during the fourth quarter. Harbour Investments Inc. now owns 123,305 shares of the company’s stock valued at $6,007,000 after purchasing an additional 11,723 shares during the period. CPC Advisors LLC lifted its position in Invesco S&P SmallCap 600 Revenue ETF by 12.6% in the fourth quarter. CPC Advisors LLC now owns 365,973 shares of the company’s stock worth $17,830,000 after purchasing an additional 41,082 shares during the period. Guidance Capital Inc. boosted its stake in Invesco S&P SmallCap 600 Revenue ETF by 44.7% during the fourth quarter. Guidance Capital Inc. now owns 46,324 shares of the company’s stock worth $2,467,000 after buying an additional 14,320 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in Invesco S&P SmallCap 600 Revenue ETF by 25.3% during the fourth quarter. Belpointe Asset Management LLC now owns 48,880 shares of the company’s stock worth $2,381,000 after buying an additional 9,872 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 106.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 75,170 shares of the company’s stock valued at $3,795,000 after buying an additional 38,696 shares during the period.

About Invesco S&P SmallCap 600 Revenue ETF

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.