Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Hits New 52-Week High – What’s Next?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWLGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $124.46 and last traded at $124.35, with a volume of 274073 shares changing hands. The stock had previously closed at $123.47.

Invesco S&P 500 Revenue ETF Price Performance

The firm has a 50-day simple moving average of $118.53 and a 200 day simple moving average of $116.52. The stock has a market capitalization of $8.80 billion, a P/E ratio of 18.14 and a beta of 0.86.

Institutional Trading of Invesco S&P 500 Revenue ETF

Institutional investors have recently modified their holdings of the business. Invesco Ltd. increased its holdings in Invesco S&P 500 Revenue ETF by 12.2% in the third quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock valued at $1,015,453,000 after purchasing an additional 999,935 shares during the period. LPL Financial LLC increased its holdings in Invesco S&P 500 Revenue ETF by 16.8% in the fourth quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock valued at $672,218,000 after purchasing an additional 843,089 shares during the period. Morgan Stanley increased its holdings in Invesco S&P 500 Revenue ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 3,154,989 shares of the company’s stock valued at $361,246,000 after purchasing an additional 72,972 shares during the period. Allworth Financial LP increased its holdings in Invesco S&P 500 Revenue ETF by 1.5% in the third quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock valued at $252,815,000 after purchasing an additional 32,997 shares during the period. Finally, Vantagepoint Investment Advisers LLC acquired a new stake in Invesco S&P 500 Revenue ETF during the 3rd quarter valued at approximately $251,111,000.

About Invesco S&P 500 Revenue ETF

(Get Free Report)

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.

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