Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 12-Month High – Here’s What Happened

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $151.53 and last traded at $151.53, with a volume of 3939 shares traded. The stock had previously closed at $150.01.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

The stock has a market cap of $1.34 billion, a PE ratio of 14.05 and a beta of 1.06. The stock has a 50 day moving average of $145.82 and a two-hundred day moving average of $138.31.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 0.6% during the first quarter. Royal Bank of Canada now owns 69,722 shares of the company’s stock valued at $7,522,000 after buying an additional 442 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 418.0% during the first quarter. Jane Street Group LLC now owns 9,791 shares of the company’s stock worth $1,056,000 after purchasing an additional 7,901 shares during the period. JPMorgan Chase & Co. grew its position in Invesco S&P MidCap 400 Revenue ETF by 14.3% during the second quarter. JPMorgan Chase & Co. now owns 10,631 shares of the company’s stock valued at $1,243,000 after purchasing an additional 1,327 shares in the last quarter. NewEdge Advisors LLC increased its stake in Invesco S&P MidCap 400 Revenue ETF by 12.9% in the 2nd quarter. NewEdge Advisors LLC now owns 11,909 shares of the company’s stock valued at $1,392,000 after buying an additional 1,359 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 11.1% during the 2nd quarter. Raymond James Financial Inc. now owns 126,366 shares of the company’s stock valued at $14,771,000 after buying an additional 12,639 shares during the period.

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.