Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 1-Year High – Still a Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $130.09 and last traded at $129.39, with a volume of 18913 shares changing hands. The stock had previously closed at $128.48.

Invesco S&P 500 Revenue ETF Price Performance

The firm has a market capitalization of $9.32 billion, a P/E ratio of 18.14 and a beta of 0.85. The firm has a 50-day moving average price of $126.18 and a two-hundred day moving average price of $120.70.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RWL. KMG Fiduciary Partners LLC grew its stake in Invesco S&P 500 Revenue ETF by 1.0% in the 4th quarter. KMG Fiduciary Partners LLC now owns 9,101 shares of the company’s stock worth $1,042,000 after acquiring an additional 90 shares in the last quarter. Stephens Inc. AR grew its stake in Invesco S&P 500 Revenue ETF by 4.4% in the fourth quarter. Stephens Inc. AR now owns 2,232 shares of the company’s stock worth $256,000 after purchasing an additional 94 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in Invesco S&P 500 Revenue ETF by 1.0% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 10,775 shares of the company’s stock worth $1,234,000 after purchasing an additional 103 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco S&P 500 Revenue ETF by 17.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock worth $87,000 after purchasing an additional 115 shares during the period. Finally, Savant Capital LLC increased its holdings in Invesco S&P 500 Revenue ETF by 3.0% during the 4th quarter. Savant Capital LLC now owns 4,315 shares of the company’s stock worth $494,000 after purchasing an additional 124 shares during the period.

About Invesco S&P 500 Revenue ETF

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.