Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Large Volume Increase – Here’s Why

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) shares saw strong trading volume on Tuesday . 48,175 shares changed hands during mid-day trading, an increase of 133% from the previous session’s volume of 20,674 shares.The stock last traded at $150.46 and had previously closed at $151.46.

Invesco S&P MidCap 400 Revenue ETF Trading Up 0.0%

The stock has a market capitalization of $1.33 billion, a P/E ratio of 14.05 and a beta of 1.06. The business has a 50-day moving average price of $147.58 and a two-hundred day moving average price of $139.58.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF

A number of large investors have recently bought and sold shares of RWK. Equitable Holdings Inc. raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 2.3% in the 4th quarter. Equitable Holdings Inc. now owns 3,799 shares of the company’s stock valued at $480,000 after buying an additional 87 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Invesco S&P MidCap 400 Revenue ETF by 1.6% in the first quarter. Janney Montgomery Scott LLC now owns 5,538 shares of the company’s stock valued at $710,000 after acquiring an additional 89 shares during the last quarter. Stifel Financial Corp raised its position in Invesco S&P MidCap 400 Revenue ETF by 1.3% during the fourth quarter. Stifel Financial Corp now owns 9,289 shares of the company’s stock valued at $1,175,000 after purchasing an additional 118 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 1.3% during the fourth quarter. NewEdge Advisors LLC now owns 10,917 shares of the company’s stock worth $1,381,000 after purchasing an additional 144 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 5.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,559 shares of the company’s stock worth $576,000 after purchasing an additional 217 shares during the last quarter.

Invesco S&P MidCap 400 Revenue ETF Company Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. 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.