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

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high on Wednesday . The company traded as high as $56.45 and last traded at $56.45, with a volume of 3375 shares changing hands. The stock had previously closed at $55.21.

Invesco S&P SmallCap 600 Revenue ETF Trading Up 0.5%

The firm has a market cap of $1.85 billion, a PE ratio of 13.17 and a beta of 1.10. The stock has a fifty day simple moving average of $53.32 and a two-hundred day simple moving average of $51.56.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

A number of large investors have recently modified their holdings of RWJ. Independent Financial Group LLC purchased a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF during the first quarter worth about $8,129,000. Raymond James Financial Inc. increased its position in Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the 3rd quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock worth $37,758,000 after purchasing an additional 134,756 shares during the period. Morgan Stanley increased its position in Invesco S&P SmallCap 600 Revenue ETF by 5.9% during the 4th quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock worth $107,878,000 after purchasing an additional 124,135 shares during the period. Bank of America Corp DE increased its position in Invesco S&P SmallCap 600 Revenue ETF by 8.4% during the 1st quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock worth $67,623,000 after purchasing an additional 104,300 shares during the period. Finally, Focus Partners Wealth increased its position in Invesco S&P SmallCap 600 Revenue ETF by 16.0% during the 4th quarter. Focus Partners Wealth now owns 525,416 shares of the company’s stock worth $25,598,000 after purchasing an additional 72,377 shares during the period.

About Invesco S&P SmallCap 600 Revenue ETF

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.