Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 12-Month High – Should You Buy?

by · The Markets Daily

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $146.05 and last traded at $144.29, with a volume of 5644 shares. The stock had previously closed at $141.94.

Invesco S&P MidCap 400 Revenue ETF Trading Down 1.3%

The company’s 50-day moving average price is $137.84 and its two-hundred day moving average price is $133.20. The company has a market cap of $1.23 billion, a P/E ratio of 14.05 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ipsen Advisor Group LLC boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 1.2% in the 1st quarter. Ipsen Advisor Group LLC now owns 46,159 shares of the company’s stock valued at $5,920,000 after buying an additional 564 shares during the period. J. Derek Lewis & Associates Inc. boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 4.3% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 10,985 shares of the company’s stock valued at $1,409,000 after buying an additional 456 shares during the period. Western Wealth Management LLC boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 11.1% in the 1st quarter. Western Wealth Management LLC now owns 17,389 shares of the company’s stock valued at $2,230,000 after buying an additional 1,732 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 16.9% in the 1st quarter. Bank of America Corp DE now owns 326,143 shares of the company’s stock valued at $41,831,000 after buying an additional 47,267 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 7.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 47,863 shares of the company’s stock valued at $6,139,000 after buying an additional 3,440 shares during the period.

Invesco S&P MidCap 400 Revenue ETF Company Profile

(Get Free Report)

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.

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