Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw unusually-strong trading volume on Tuesday. 34,470 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 20,378 shares. The stock last traded at $142.7850 and had previously closed at $141.90.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

The firm has a market capitalization of $1.29 billion, a PE ratio of 14.05 and a beta of 1.07. The business’s fifty day simple moving average is $146.92 and its 200-day simple moving average is $142.18.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of institutional investors and hedge funds have recently bought and sold shares of RWK. Janney Montgomery Scott LLC boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 1.6% during the first quarter. Janney Montgomery Scott LLC now owns 5,538 shares of the company’s stock valued at $710,000 after purchasing an additional 89 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 1.1% during the first quarter. Sanctuary Advisors LLC now owns 27,644 shares of the company’s stock worth $3,546,000 after buying an additional 288 shares during the period. NewEdge Advisors LLC boosted its position in Invesco S&P MidCap 400 Revenue ETF by 5.1% during the 2nd quarter. NewEdge Advisors LLC now owns 8,967 shares of the company’s stock valued at $1,312,000 after acquiring an additional 437 shares in the last quarter. J. Derek Lewis & Associates Inc. boosted its position in Invesco S&P MidCap 400 Revenue ETF by 4.3% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 10,985 shares of the company’s stock valued at $1,409,000 after acquiring an additional 456 shares in the last quarter. Finally, Ipsen Advisor Group LLC increased 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 acquiring an additional 564 shares during the period.

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.