Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 1-Year High – Time to Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWLGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $131.90 and last traded at $131.80, with a volume of 9854 shares traded. The stock had previously closed at $130.20.

Invesco S&P 500 Revenue ETF Stock Up 0.9%

The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85. The firm has a fifty day moving average of $128.25 and a 200-day moving average of $122.38.

Institutional Trading of Invesco S&P 500 Revenue ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new position in Invesco S&P 500 Revenue ETF during the fourth quarter worth approximately $26,000. SWAN Capital LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF during the fourth quarter valued at approximately $30,000. Aptus Capital Advisors LLC lifted its position in shares of Invesco S&P 500 Revenue ETF by 359.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock worth $38,000 after purchasing an additional 259 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Invesco S&P 500 Revenue ETF by 17.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock worth $87,000 after purchasing an additional 115 shares in the last quarter. Finally, Avion Wealth purchased a new position in shares of Invesco S&P 500 Revenue ETF in the fourth quarter valued at $88,000.

Invesco S&P 500 Revenue ETF Company Profile

(Get Free Report)

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500. 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.

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