Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 1-Year High – Here’s Why

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $131.90 and last traded at $131.80, with a volume of 9854 shares changing hands. The stock had previously closed at $130.20.

Invesco S&P 500 Revenue ETF Trading Up 0.9%

The business has a 50 day simple moving average of $128.25 and a two-hundred day simple moving average of $122.38. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

Hedge funds have recently bought and sold shares of the company. Axxcess Wealth Management LLC raised its stake in Invesco S&P 500 Revenue ETF by 1,242.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,338,780 shares of the company’s stock valued at $153,290,000 after buying an additional 1,239,026 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 Revenue ETF by 468.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,441,023 shares of the company’s stock worth $164,997,000 after buying an additional 1,187,743 shares during the last quarter. Invesco Ltd. lifted its position in shares of Invesco S&P 500 Revenue ETF by 12.2% in the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after buying an additional 999,935 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 16.8% in the 4th quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock valued at $672,218,000 after buying an additional 843,089 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 71.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock valued at $194,277,000 after buying an additional 705,554 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.