Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Large Volume Increase – Time to Buy?

Shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw an uptick in trading volume on Thursday . 184,289 shares were traded during trading, an increase of 42% from the previous session’s volume of 129,838 shares.The stock last traded at $98.31 and had previously closed at $97.92.

Invesco S&P 500 Revenue ETF Stock Performance

The company has a market cap of $3.36 billion, a P/E ratio of 18.52 and a beta of 0.73. The business’s fifty day moving average is $100.78 and its two-hundred day moving average is $97.34.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Gentry Private Wealth LLC purchased a new stake in Invesco S&P 500 Revenue ETF in the second quarter worth about $1,547,000. Arbor Capital Management Inc. ADV bought a new position in shares of Invesco S&P 500 Revenue ETF during the second quarter valued at approximately $5,108,000. Redwood Financial Network Corp increased its holdings in Invesco S&P 500 Revenue ETF by 18.2% during the second quarter. Redwood Financial Network Corp now owns 5,126 shares of the company’s stock valued at $475,000 after buying an additional 790 shares during the period. LPL Financial LLC increased its holdings in Invesco S&P 500 Revenue ETF by 13.3% during the second quarter. LPL Financial LLC now owns 2,962,457 shares of the company’s stock valued at $274,383,000 after buying an additional 347,993 shares during the period. Finally, Thoroughbred Financial Services LLC raised its stake in Invesco S&P 500 Revenue ETF by 19.5% in the second quarter. Thoroughbred Financial Services LLC now owns 128,086 shares of the company’s stock worth $11,863,000 after buying an additional 20,907 shares in the last quarter.

About Invesco S&P 500 Revenue ETF

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.