Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Reaches New 1-Year High – Time to Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $56.29 and last traded at $56.09, with a volume of 53347 shares traded. The stock had previously closed at $55.88.

Invesco S&P SmallCap 600 Revenue ETF Trading Up 0.4%

The firm’s fifty day moving average price is $52.16 and its 200-day moving average price is $50.83. The company has a market cap of $1.83 billion, a P/E ratio of 13.17 and a beta of 1.10.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in Invesco S&P SmallCap 600 Revenue ETF by 5.9% in the 4th quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock valued at $107,878,000 after acquiring an additional 124,135 shares in the last quarter. Fusion Family Wealth LLC grew its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 1.4% during the 1st quarter. Fusion Family Wealth LLC now owns 1,498,972 shares of the company’s stock worth $75,668,000 after purchasing an additional 20,971 shares in the last quarter. Bank of America Corp DE increased its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 1,203,187 shares of the company’s stock valued at $58,114,000 after purchasing an additional 12,956 shares during the period. UBS Group AG raised its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 0.9% in the third quarter. UBS Group AG now owns 816,789 shares of the company’s stock valued at $39,451,000 after purchasing an additional 7,522 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% in the third quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock valued at $37,758,000 after purchasing an additional 134,756 shares in the last quarter.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.