Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sets New 52-Week High – Still a Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $57.12 and last traded at $56.80, with a volume of 24626 shares traded. The stock had previously closed at $57.00.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The business has a fifty day moving average price of $54.05 and a 200 day moving average price of $51.88. The company has a market capitalization of $1.85 billion, a PE ratio of 13.17 and a beta of 1.08.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Hedge funds have recently modified their holdings of the stock. Guidance Capital Inc. raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 44.7% during the 4th quarter. Guidance Capital Inc. now owns 46,324 shares of the company’s stock valued at $2,467,000 after buying an additional 14,320 shares during the period. CPC Advisors LLC raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 12.6% during the 4th quarter. CPC Advisors LLC now owns 365,973 shares of the company’s stock valued at $17,830,000 after buying an additional 41,082 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 19.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 101,582 shares of the company’s stock valued at $4,888,000 after buying an additional 16,204 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 25.3% during the 4th quarter. Belpointe Asset Management LLC now owns 48,880 shares of the company’s stock valued at $2,381,000 after buying an additional 9,872 shares during the period. Finally, MAI Capital Management raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% during the 3rd quarter. MAI Capital Management now owns 415,978 shares of the company’s stock valued at $20,092,000 after buying an additional 23,156 shares during the period.

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.