Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 1-Year High – Here’s What Happened

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $149.27 and last traded at $149.27, with a volume of 488 shares changing hands. The stock had previously closed at $147.35.

Invesco S&P MidCap 400 Revenue ETF Stock Down 0.9%

The firm has a market cap of $1.32 billion, a P/E ratio of 14.05 and a beta of 1.06. The business has a fifty day moving average of $144.72 and a 200 day moving average of $137.70.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter worth approximately $30,000. Flagship Harbor Advisors LLC bought a new stake in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter valued at $65,000. Greenline Wealth Management LLC acquired a new stake in Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at $67,000. Arax Advisory Partners acquired a new stake in Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at $108,000. Finally, Sunbelt Securities Inc. bought a new position in Invesco S&P MidCap 400 Revenue ETF during the third quarter worth $109,000.

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.