Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Reaches New 12-Month High – Should You Buy?

by · The Cerbat Gem

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $117.54 and last traded at $117.54, with a volume of 4761 shares trading hands. The stock had previously closed at $117.36.

Invesco S&P MidCap 400 Revenue ETF Price Performance

The firm has a market cap of $802.63 million, a P/E ratio of 12.24 and a beta of 1.06. The company’s 50 day moving average is $113.18 and its two-hundred day moving average is $112.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RWK. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 1,760.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 59,643 shares of the company’s stock worth $6,548,000 after purchasing an additional 56,438 shares during the period. Private Advisory Group LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF during the second quarter worth about $5,323,000. Eagle Strategies LLC acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the second quarter worth approximately $4,216,000. LPL Financial LLC increased its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 6.5% during the second quarter. LPL Financial LLC now owns 578,976 shares of the company’s stock worth $63,562,000 after buying an additional 35,104 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the second quarter worth approximately $3,259,000.

Invesco S&P MidCap 400 Revenue ETF Company Profile

(Get Free Report)

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.

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