Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sets New 52-Week High – Still a Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) shares reached a new 52-week high during trading on Friday . The company traded as high as $57.12 and last traded at $56.80, with a volume of 24626 shares changing hands. The stock had previously closed at $57.00.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

The company has a 50-day moving average of $54.05 and a two-hundred day moving average of $51.88. The stock has a market capitalization of $1.85 billion, a PE ratio of 13.17 and a beta of 1.08.

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

A number of large investors have recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of 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 purchasing an additional 124,135 shares during the period. Fusion Family Wealth LLC raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 1.4% in the 1st quarter. Fusion Family Wealth LLC now owns 1,498,972 shares of the company’s stock worth $75,668,000 after purchasing an additional 20,971 shares during the period. Bank of America Corp DE raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 8.4% in the 1st quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock worth $67,623,000 after purchasing an additional 104,300 shares during the period. UBS Group AG raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 0.9% in the 3rd quarter. UBS Group AG now owns 816,789 shares of the company’s stock worth $39,451,000 after purchasing an additional 7,522 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% in the 3rd 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 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.