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

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $86.00 and last traded at $86.00, with a volume of 133 shares trading hands. The stock had previously closed at $116.33.

Invesco S&P MidCap 400 Revenue ETF Price Performance

The stock has a market capitalization of $785.74 million, a P/E ratio of 12.24 and a beta of 1.06. The company’s 50 day simple moving average is $120.60 and its two-hundred day simple moving average is $115.29.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RWK. PSI Advisors LLC acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at $60,000. First Command Advisory Services Inc. lifted its position in Invesco S&P MidCap 400 Revenue ETF by 105.6% during the 2nd quarter. First Command Advisory Services Inc. now owns 993 shares of the company’s stock valued at $109,000 after purchasing an additional 510 shares during the period. Empirical Asset Management LLC bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at about $209,000. US Bancorp DE boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 47.9% in the 3rd quarter. US Bancorp DE now owns 2,016 shares of the company’s stock valued at $234,000 after purchasing an additional 653 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the 2nd quarter valued at $257,000.

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.