Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sets New 12-Month High – Should You Buy?

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) hit a new 52-week high during trading on Wednesday . The company 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 Stock Up 0.5%

The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 13.17 and a beta of 1.10. The stock’s fifty day moving average is $52.09 and its two-hundred day moving average is $50.78.

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

A number of institutional investors have recently added to or reduced their stakes in RWJ. Independent Financial Group LLC acquired a new position in Invesco S&P SmallCap 600 Revenue ETF during the first quarter worth $8,129,000. Raymond James Financial Inc. increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the third quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock worth $37,758,000 after buying an additional 134,756 shares during the last quarter. Morgan Stanley increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 5.9% during the fourth quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock worth $107,878,000 after buying an additional 124,135 shares during the last quarter. Focus Partners Wealth increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 16.0% during the fourth quarter. Focus Partners Wealth now owns 525,416 shares of the company’s stock worth $25,598,000 after buying an additional 72,377 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 5.5% during the second quarter. Bank of America Corp DE now owns 1,190,231 shares of the company’s stock worth $51,525,000 after buying an additional 62,371 shares during the last quarter.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

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.