Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 12-Month High – Time to Buy?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $148.24 and last traded at $147.78, with a volume of 8363 shares trading hands. The stock had previously closed at $146.22.

Invesco S&P MidCap 400 Revenue ETF Price Performance

The stock has a market capitalization of $1.27 billion, a P/E ratio of 14.05 and a beta of 1.07. The firm has a 50-day simple moving average of $139.18 and a 200 day simple moving average of $133.81.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 7.4% in the fourth quarter. Morgan Stanley now owns 938,017 shares of the company’s stock valued at $118,622,000 after buying an additional 64,763 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after buying an additional 538,536 shares during the period. LPL Financial LLC increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 3.1% in the fourth quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock valued at $76,324,000 after buying an additional 18,274 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% in the third 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 period. Finally, Fusion Family Wealth LLC increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 2.6% in the first quarter. Fusion Family Wealth LLC now owns 551,484 shares of the company’s stock valued at $70,733,000 after buying an additional 13,960 shares during the period.

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.