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

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) reached a new 52-week high during trading on Friday . The company traded as high as $128.59 and last traded at $127.90, with a volume of 21753 shares changing hands. The stock had previously closed at $127.88.

Invesco S&P 500 Revenue ETF Price Performance

The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. The firm has a 50 day simple moving average of $123.22 and a two-hundred day simple moving average of $119.14.

Institutional Trading of Invesco S&P 500 Revenue ETF

A number of hedge funds have recently modified their holdings of RWL. Jane Street Group LLC bought a new position in Invesco S&P 500 Revenue ETF during the 1st quarter worth approximately $683,000. Qube Research & Technologies Ltd increased its stake in Invesco S&P 500 Revenue ETF by 36.8% in the second quarter. Qube Research & Technologies Ltd now owns 8,424 shares of the company’s stock valued at $879,000 after purchasing an additional 2,267 shares in the last quarter. Bank of America Corp DE increased its stake in Invesco S&P 500 Revenue ETF by 0.9% in the second quarter. Bank of America Corp DE now owns 2,011,138 shares of the company’s stock valued at $209,742,000 after purchasing an additional 18,686 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in Invesco S&P 500 Revenue ETF by 1.0% in the second quarter. Great Valley Advisor Group Inc. now owns 12,628 shares of the company’s stock worth $1,317,000 after purchasing an additional 125 shares during the period. Finally, MML Investors Services LLC raised its holdings in Invesco S&P 500 Revenue ETF by 42.4% in the second quarter. MML Investors Services LLC now owns 181,317 shares of the company’s stock worth $18,910,000 after purchasing an additional 53,968 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.