Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 52-Week High – Should You Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s stock price hit a new 52-week high on Monday . The company traded as high as $134.79 and last traded at $134.68, with a volume of 106874 shares changing hands. The stock had previously closed at $134.12.

Invesco S&P 500 Revenue ETF Stock Performance

The company’s 50-day moving average is $129.45 and its 200-day moving average is $123.32. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Invesco S&P 500 Revenue ETF by 12.2% in the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after purchasing an additional 999,935 shares during the last quarter. LPL Financial LLC grew its position in shares of Invesco S&P 500 Revenue ETF by 16.8% during the 4th quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock worth $672,218,000 after buying an additional 843,089 shares during the period. Morgan Stanley increased its stake in shares of Invesco S&P 500 Revenue ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 3,154,989 shares of the company’s stock valued at $361,246,000 after acquiring an additional 72,972 shares during the last quarter. Bank of America Corp DE grew its holdings in Invesco S&P 500 Revenue ETF by 0.3% during the first quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock valued at $252,220,000 after purchasing an additional 5,552 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Invesco S&P 500 Revenue ETF by 71.6% in the first quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock valued at $194,277,000 after purchasing an additional 705,554 shares in the last quarter.

Invesco S&P 500 Revenue ETF Company Profile

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.