Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 52-Week High – Time to Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWLGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $102.99 and last traded at $102.99, with a volume of 48139 shares traded. The stock had previously closed at $102.32.

Invesco S&P 500 Revenue ETF Trading Up 0.8 %

The stock’s 50 day moving average is $99.05 and its 200-day moving average is $95.50. The company has a market cap of $3.50 billion, a P/E ratio of 18.52 and a beta of 0.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RWL. Creekmur Asset Management LLC bought a new position in Invesco S&P 500 Revenue ETF in the 3rd quarter valued at approximately $29,000. GoalVest Advisory LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF in the third quarter worth $65,000. Glass Jacobson Investment Advisors llc raised its stake in shares of Invesco S&P 500 Revenue ETF by 59.4% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,111 shares of the company’s stock worth $109,000 after purchasing an additional 414 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Invesco S&P 500 Revenue ETF by 8.1% during the third quarter. Huntington National Bank now owns 1,672 shares of the company’s stock valued at $164,000 after purchasing an additional 125 shares in the last quarter. Finally, Lowery Thomas LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF during the third quarter valued at $207,000.

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.

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