Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Reaches New 52-Week High – Time to Buy?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $146.05 and last traded at $144.29, with a volume of 5644 shares changing hands. The stock had previously closed at $141.94.

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

The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07. The company’s 50-day simple moving average is $137.16 and its 200-day simple moving average is $132.88.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RWK. Vantagepoint Investment Advisers LLC raised its stake in Invesco S&P MidCap 400 Revenue ETF by 4.5% during the 4th quarter. Vantagepoint Investment Advisers LLC now owns 540,584 shares of the company’s stock valued at $68,362,000 after purchasing an additional 23,259 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 35.6% during the third quarter. Envestnet Asset Management Inc. now owns 50,045 shares of the company’s stock valued at $6,256,000 after acquiring an additional 13,149 shares during the period. Resonant Capital Advisors LLC lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 164,309 shares of the company’s stock valued at $20,778,000 after acquiring an additional 5,214 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the third quarter valued at $5,616,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after buying an additional 538,536 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.