Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 52-Week High – Time to Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) shares hit a new 52-week high on Monday . The stock traded as high as $49.30 and last traded at $49.21, with a volume of 20713 shares traded. The stock had previously closed at $48.29.

Invesco S&P SmallCap 600 Revenue ETF Stock Down 1.3 %

The stock’s 50 day moving average is $46.01 and its 200-day moving average is $43.50. The company has a market cap of $1.76 billion, a PE ratio of 3.65 and a beta of 1.25.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

Several hedge funds have recently made changes to their positions in the business. World Investment Advisors LLC increased its stake in Invesco S&P SmallCap 600 Revenue ETF by 9.1% during the third quarter. World Investment Advisors LLC now owns 27,139 shares of the company’s stock worth $1,241,000 after acquiring an additional 2,272 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 18.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 138,850 shares of the company’s stock worth $6,705,000 after purchasing an additional 21,549 shares during the period. Arete Wealth Advisors LLC increased its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 22.7% during the 3rd quarter. Arete Wealth Advisors LLC now owns 76,638 shares of the company’s stock valued at $3,503,000 after purchasing an additional 14,188 shares during the last quarter. Valued Retirements Inc. purchased a new stake in Invesco S&P SmallCap 600 Revenue ETF during the 3rd quarter valued at $4,219,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Invesco S&P SmallCap 600 Revenue ETF in the third quarter worth $944,000.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.