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

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Get Free Report)’s share price hit a new 52-week high on Monday. The stock traded as high as $136.00 and last traded at $135.63, with a volume of 67,107 shares traded. The stock had previously closed at $134.71.

Invesco S&P 500 Revenue ETF Stock Up 0.6%

The business’s 50-day simple moving average is $132.99 and its two-hundred day simple moving average is $126.14. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86.

Institutional Trading of Invesco S&P 500 Revenue ETF

A number of large investors have recently modified their holdings of RWL. Caldwell Trust Co acquired a new position in Invesco S&P 500 Revenue ETF during the 3rd quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco S&P 500 Revenue ETF during the third quarter worth approximately $34,000. Root Financial Partners LLC acquired a new stake in Invesco S&P 500 Revenue ETF in the third quarter valued at approximately $64,000. TD Waterhouse Canada Inc. acquired a new stake in Invesco S&P 500 Revenue ETF in the third quarter valued at approximately $67,000. Finally, CoreCap Advisors LLC lifted its stake in Invesco S&P 500 Revenue ETF by 1,661.8% in the third quarter. CoreCap Advisors LLC now owns 599 shares of the company’s stock worth $77,000 after acquiring an additional 565 shares during the last quarter.

About Invesco S&P 500 Revenue ETF

(Get Free Report)

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.

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