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

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) reached a new 52-week high on Monday . The stock traded as high as $134.79 and last traded at $134.68, with a volume of 106874 shares trading hands. The stock had previously closed at $134.12.

Invesco S&P 500 Revenue ETF Trading Down 0.1%

The stock has a market capitalization of $9.90 billion, a PE ratio of 18.14 and a beta of 0.85. The stock has a 50 day moving average price of $129.75 and a 200-day moving average price of $123.57.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC raised its position in Invesco S&P 500 Revenue ETF by 0.4% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 21,362 shares of the company’s stock worth $2,729,000 after purchasing an additional 78 shares during the period. Stephens Inc. AR lifted its stake in Invesco S&P 500 Revenue ETF by 4.4% in the fourth quarter. Stephens Inc. AR now owns 2,232 shares of the company’s stock worth $256,000 after purchasing an additional 94 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Invesco S&P 500 Revenue ETF by 17.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock valued at $87,000 after buying an additional 115 shares during the period. Savant Capital LLC boosted its position in shares of Invesco S&P 500 Revenue ETF by 3.0% during the fourth quarter. Savant Capital LLC now owns 4,315 shares of the company’s stock valued at $494,000 after buying an additional 124 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake in shares of Invesco S&P 500 Revenue ETF by 1.0% during the second quarter. Great Valley Advisor Group Inc. now owns 12,628 shares of the company’s stock valued at $1,317,000 after buying an additional 125 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.