Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sets New 12-Month High – Time to Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $61.82 and last traded at $61.75, with a volume of 7716 shares trading hands. The stock had previously closed at $61.16.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

The company has a market capitalization of $2.15 billion, a P/E ratio of 13.17 and a beta of 1.07. The company has a 50 day moving average of $58.22 and a 200-day moving average of $54.57.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Hedge funds have recently made changes to their positions in the business. Independent Financial Group LLC bought a new stake in Invesco S&P SmallCap 600 Revenue ETF in the first quarter valued at $8,129,000. Raymond James Financial Inc. lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% in 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 lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% in 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 boosted its stake in shares of 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 valued at $67,623,000 after purchasing an additional 104,300 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of 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 valued at $25,598,000 after purchasing an additional 72,377 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.