Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 52-Week High – Still a Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.30 and last traded at $49.21, with a volume of 20713 shares traded. The stock had previously closed at $48.29.

Invesco S&P SmallCap 600 Revenue ETF Trading Up 2.9 %

The stock has a market capitalization of $1.79 billion, a P/E ratio of 3.65 and a beta of 1.25. The firm’s fifty day moving average is $45.83 and its 200-day moving average is $43.39.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Revenue ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RWJ. ZRC Wealth Management LLC bought a new stake in Invesco S&P SmallCap 600 Revenue ETF during the 3rd quarter worth about $88,000. First Command Advisory Services Inc. increased its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 221.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 2,610 shares of the company’s stock valued at $105,000 after buying an additional 1,797 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF during the third quarter worth $202,000. Insigneo Advisory Services LLC acquired a new position in shares of Invesco S&P SmallCap 600 Revenue ETF during the second quarter valued at $207,000. Finally, Bright Futures Wealth Management LLC. bought a new position in Invesco S&P SmallCap 600 Revenue ETF in the first quarter valued at about $212,000.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.