Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 12-Month High – Should You Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) shares hit a new 52-week high during trading on Thursday. The stock traded as high as $138.95 and last traded at $137.5170, with a volume of 206 shares. The stock had previously closed at $137.30.

Invesco S&P 500 Revenue ETF Stock Performance

The firm has a market capitalization of $10.55 billion, a P/E ratio of 19.29 and a beta of 0.86. The stock has a fifty day moving average price of $133.25 and a two-hundred day moving average price of $126.84.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new stake in Invesco S&P 500 Revenue ETF during the third quarter valued at $60,952,000. Petix & Botte Co lifted its position in shares of Invesco S&P 500 Revenue ETF by 5.7% in the 3rd quarter. Petix & Botte Co now owns 116,043 shares of the company’s stock worth $14,932,000 after buying an additional 6,207 shares during the last quarter. Focus Advisor Solutions LLC lifted its position in shares of Invesco S&P 500 Revenue ETF by 71.0% in the 3rd quarter. Focus Advisor Solutions LLC now owns 3,115 shares of the company’s stock worth $401,000 after buying an additional 1,293 shares during the last quarter. Composition Wealth LLC bought a new position in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter worth about $1,208,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 2.8% in the 3rd quarter. Global Retirement Partners LLC now owns 279,788 shares of the company’s stock valued at $36,003,000 after buying an additional 7,740 shares during the period.

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.