Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Hits New 1-Year High – Should You Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $118.94 and last traded at $118.7920, with a volume of 168534 shares changing hands. The stock had previously closed at $117.94.

Invesco S&P 500 Revenue ETF Trading Up 0.2%

The firm has a market cap of $7.83 billion, a PE ratio of 18.14 and a beta of 0.92. The firm has a fifty day simple moving average of $116.21 and a two-hundred day simple moving average of $111.56.

Institutional Trading of Invesco S&P 500 Revenue ETF

Several large investors have recently added to or reduced their stakes in RWL. Moneco Advisors LLC increased its position in Invesco S&P 500 Revenue ETF by 5.4% during the 4th quarter. Moneco Advisors LLC now owns 83,759 shares of the company’s stock valued at $9,590,000 after purchasing an additional 4,317 shares during the period. Money Concepts Capital Corp lifted its position in shares of Invesco S&P 500 Revenue ETF by 416.5% in the 4th quarter. Money Concepts Capital Corp now owns 48,074 shares of the company’s stock worth $5,504,000 after purchasing an additional 38,766 shares during the period. Fusion Family Wealth LLC boosted its stake in shares of Invesco S&P 500 Revenue ETF by 3.0% during the 4th quarter. Fusion Family Wealth LLC now owns 1,628,324 shares of the company’s stock valued at $186,443,000 after purchasing an additional 46,696 shares in the last quarter. Colonial River Investments LLC increased its position in shares of Invesco S&P 500 Revenue ETF by 4.9% during the fourth quarter. Colonial River Investments LLC now owns 102,998 shares of the company’s stock valued at $11,793,000 after buying an additional 4,793 shares during the period. Finally, Nwam LLC raised its stake in Invesco S&P 500 Revenue ETF by 6.6% in the fourth quarter. Nwam LLC now owns 51,759 shares of the company’s stock worth $6,131,000 after buying an additional 3,195 shares in the last quarter.

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.