Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Strong Trading Volume – Here’s Why

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw unusually-high trading volume on Tuesday. Approximately 37,336 shares traded hands during trading, an increase of 82% from the average daily volume of 20,543 shares. The stock last traded at $147.9040 and had previously closed at $147.50.

Invesco S&P MidCap 400 Revenue ETF Stock Up 0.0%

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07. The company’s 50 day moving average price is $144.06 and its 200 day moving average price is $140.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC raised its position in Invesco S&P MidCap 400 Revenue ETF by 27.7% in the first quarter. Kestra Advisory Services LLC now owns 23,060 shares of the company’s stock valued at $2,958,000 after purchasing an additional 5,005 shares during the period. Independent Wealth Network Inc. lifted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 263.2% in the 3rd quarter. Independent Wealth Network Inc. now owns 13,612 shares of the company’s stock valued at $1,884,000 after purchasing an additional 9,864 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 16.9% in the 1st quarter. Bank of America Corp DE now owns 326,143 shares of the company’s stock valued at $41,831,000 after purchasing an additional 47,267 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter worth $14,963,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 7.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 47,863 shares of the company’s stock worth $6,139,000 after purchasing an additional 3,440 shares during the period.

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.