Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 12-Month High – What’s Next?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s stock price reached a new 52-week high on Monday . The stock traded as high as $131.24 and last traded at $131.18, with a volume of 9122 shares changing hands. The stock had previously closed at $130.28.

Invesco S&P 500 Revenue ETF Trading Up 0.3%

The company has a market cap of $9.48 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85. The business has a fifty day moving average price of $126.95 and a two-hundred day moving average price of $121.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kraft Davis & Associates LLC increased its stake in Invesco S&P 500 Revenue ETF by 5.1% in the 2nd quarter. Kraft Davis & Associates LLC now owns 89,476 shares of the company’s stock valued at $11,572,000 after buying an additional 4,326 shares during the period. Key Client Fiduciary Advisors LLC boosted its stake in shares of Invesco S&P 500 Revenue ETF by 0.4% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 21,362 shares of the company’s stock valued at $2,729,000 after buying an additional 78 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Invesco S&P 500 Revenue ETF by 13.2% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,219 shares of the company’s stock valued at $156,000 after buying an additional 142 shares during the period. RVW Wealth LLC grew its holdings in shares of Invesco S&P 500 Revenue ETF by 0.5% during the 2nd quarter. RVW Wealth LLC now owns 42,754 shares of the company’s stock valued at $5,462,000 after acquiring an additional 206 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of Invesco S&P 500 Revenue ETF during the 2nd quarter valued at $11,651,000.

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.