Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Hits New 52-Week High – Should You Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $101.09 and last traded at $101.06, with a volume of 369 shares changing hands. The stock had previously closed at $98.16.

Invesco S&P 500 Revenue ETF Stock Performance

The company’s fifty day simple moving average is $97.84 and its two-hundred day simple moving average is $94.72. The stock has a market capitalization of $3.46 billion, a P/E ratio of 18.52 and a beta of 0.73.

Institutional Trading of Invesco S&P 500 Revenue ETF

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco S&P 500 Revenue ETF by 113.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,370 shares of the company’s stock worth $597,000 after purchasing an additional 3,391 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Invesco S&P 500 Revenue ETF by 25.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,272 shares of the company’s stock valued at $1,713,000 after acquiring an additional 3,694 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Invesco S&P 500 Revenue ETF by 3.4% during the 1st quarter. GSA Capital Partners LLP now owns 5,340 shares of the company’s stock worth $501,000 after purchasing an additional 178 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Invesco S&P 500 Revenue ETF by 50.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,797 shares of the company’s stock worth $543,000 after purchasing an additional 1,936 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in Invesco S&P 500 Revenue ETF by 18.2% in the first quarter. Concurrent Investment Advisors LLC now owns 12,205 shares of the company’s stock valued at $1,144,000 after purchasing an additional 1,879 shares in the last quarter.

Invesco S&P 500 Revenue ETF Company Profile

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.