Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 12-Month High – What’s Next?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $135.74 and last traded at $134.80, with a volume of 10011 shares changing hands. The stock had previously closed at $134.22.

Invesco S&P MidCap 400 Revenue ETF Stock Up 0.2%

The stock’s 50 day moving average price is $128.02 and its two-hundred day moving average price is $125.13. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.05 and a beta of 1.17.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock valued at $71,958,000 after buying an additional 472,081 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in Invesco S&P MidCap 400 Revenue ETF in the third quarter valued at approximately $64,671,000. Bank of America Corp DE grew its position in Invesco S&P MidCap 400 Revenue ETF by 44.3% in the third quarter. Bank of America Corp DE now owns 253,339 shares of the company’s stock worth $31,670,000 after acquiring an additional 77,834 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 2.7% during the 3rd quarter. Raymond James Financial Inc. now owns 129,802 shares of the company’s stock worth $16,227,000 after purchasing an additional 3,436 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 3.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 120,500 shares of the company’s stock worth $15,064,000 after purchasing an additional 4,449 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.