RFG Advisory LLC Takes $678,000 Position in Invesco S&P MidCap 400 Revenue ETF $RWK

RFG Advisory LLC acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 5,289 shares of the company’s stock, valued at approximately $678,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RWK. Equitable Holdings Inc. lifted its stake in 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 worth $480,000 after purchasing an additional 87 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 1.3% in the fourth quarter. Stifel Financial Corp now owns 9,289 shares of the company’s stock worth $1,175,000 after purchasing an additional 118 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 1.3% in 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 period. J.W. Cole Advisors Inc. raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 5.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,559 shares of the company’s stock worth $576,000 after buying an additional 217 shares in the last quarter. Finally, Western Wealth Management LLC raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 1.5% in the fourth quarter. Western Wealth Management LLC now owns 15,657 shares of the company’s stock worth $1,980,000 after buying an additional 224 shares in the last quarter.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

NYSEARCA:RWK opened at $146.01 on Tuesday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a 52-week low of $115.34 and a 52-week high of $148.24. The stock has a fifty day moving average of $140.99 and a 200 day moving average of $134.92.

About Invesco S&P MidCap 400 Revenue ETF

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.