Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Reaches New 1-Year High – Time to Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.91 and last traded at $55.91, with a volume of 53746 shares changing hands. The stock had previously closed at $55.17.

Invesco S&P SmallCap 600 Revenue ETF Stock Up 1.4%

The company has a market cap of $1.83 billion, a PE ratio of 13.17 and a beta of 1.08. The firm’s fifty day simple moving average is $51.92 and its 200-day simple moving average is $50.58.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

Several institutional investors and hedge funds have recently modified their holdings of RWJ. Morgan Stanley lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% in the fourth quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock valued at $107,878,000 after acquiring an additional 124,135 shares in the last quarter. Fusion Family Wealth LLC lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 2.7% in the fourth quarter. Fusion Family Wealth LLC now owns 1,478,001 shares of the company’s stock valued at $72,008,000 after acquiring an additional 38,370 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 1,203,187 shares of the company’s stock valued at $58,114,000 after acquiring an additional 12,956 shares in the last quarter. UBS Group AG lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 0.9% in the third quarter. UBS Group AG now owns 816,789 shares of the company’s stock valued at $39,451,000 after acquiring an additional 7,522 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% in the third quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock valued at $37,758,000 after acquiring an additional 134,756 shares in 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.