Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 52-Week High – Here’s Why

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $139.71 and last traded at $139.71, with a volume of 3912 shares. The stock had previously closed at $136.87.

Invesco S&P MidCap 400 Revenue ETF Stock Up 2.3%

The business’s fifty day moving average is $132.13 and its two-hundred day moving average is $128.99. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 14.05 and a beta of 1.09.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Invesco S&P MidCap 400 Revenue ETF by 10,333.0% during the 3rd quarter. CWM LLC now owns 31,925 shares of the company’s stock worth $3,991,000 after buying an additional 31,619 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter worth about $64,671,000. Nwam LLC raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 91.1% in the 3rd quarter. Nwam LLC now owns 39,595 shares of the company’s stock valued at $4,928,000 after acquiring an additional 18,871 shares during the period. Envestnet Asset Management Inc. grew its holdings in 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 purchasing an additional 13,149 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 26.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 41,491 shares of the company’s stock valued at $5,203,000 after buying an additional 8,589 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.