Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 52-Week High – What’s Next?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s share price reached a new 52-week high on Thursday . The stock traded as high as $126.82 and last traded at $126.56, with a volume of 122427 shares traded. The stock had previously closed at $126.10.

Invesco S&P 500 Revenue ETF Price Performance

The firm has a market capitalization of $8.96 billion, a P/E ratio of 18.14 and a beta of 0.86. The firm’s 50 day simple moving average is $120.43 and its two-hundred day simple moving average is $117.92.

Institutional Trading of Invesco S&P 500 Revenue ETF

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in Invesco S&P 500 Revenue ETF by 211.3% in the first quarter. NewEdge Advisors LLC now owns 112,802 shares of the company’s stock worth $12,962,000 after purchasing an additional 76,572 shares during the last quarter. Bank of America Corp DE lifted its stake in Invesco S&P 500 Revenue ETF by 0.3% in the first quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock worth $252,220,000 after purchasing an additional 5,552 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Invesco S&P 500 Revenue ETF by 384.3% during the first quarter. Arkadios Wealth Advisors now owns 13,890 shares of the company’s stock valued at $1,596,000 after acquiring an additional 11,022 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Invesco S&P 500 Revenue ETF by 16.3% during the first quarter. Sunbelt Securities Inc. now owns 35,816 shares of the company’s stock valued at $4,116,000 after acquiring an additional 5,015 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Revenue ETF by 1.3% during the first quarter. EverSource Wealth Advisors LLC now owns 158,033 shares of the company’s stock valued at $18,160,000 after acquiring an additional 2,014 shares during 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.