Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) shares saw unusually-high trading volume on Tuesday . Approximately 48,175 shares were traded during trading, an increase of 133% from the previous session’s volume of 20,674 shares.The stock last traded at $150.46 and had previously closed at $151.46.

Invesco S&P MidCap 400 Revenue ETF Trading Down 0.7%

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. The company’s 50 day moving average is $147.29 and its 200-day moving average is $139.34.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 7.4% during the 4th quarter. Morgan Stanley now owns 938,017 shares of the company’s stock worth $118,622,000 after acquiring an additional 64,763 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 446.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after purchasing an additional 538,536 shares during the last quarter. LPL Financial LLC boosted its position in Invesco S&P MidCap 400 Revenue ETF by 3.1% during the fourth quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock worth $76,324,000 after purchasing an additional 18,274 shares during the period. Ameriprise Financial Inc. boosted its position in Invesco S&P MidCap 400 Revenue ETF by 455.6% during the third quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock worth $71,958,000 after purchasing an additional 472,081 shares during the period. Finally, Fusion Family Wealth LLC increased its holdings 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 purchasing an additional 13,960 shares during the last quarter.

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.