Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 12-Month High – Here’s What Happened

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) shares hit a new 52-week high during trading on Thursday . The company traded as high as $135.74 and last traded at $134.80, with a volume of 10011 shares changing hands. The stock had previously closed at $134.22.

Invesco S&P MidCap 400 Revenue ETF Stock Down 0.9%

The firm has a market cap of $1.12 billion, a P/E ratio of 14.05 and a beta of 1.17. The stock’s 50-day simple moving average is $128.45 and its 200 day simple moving average is $125.27.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

Several hedge funds have recently modified their holdings of RWK. Royal Bank of Canada boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 0.6% in the 1st quarter. Royal Bank of Canada now owns 69,722 shares of the company’s stock worth $7,522,000 after buying an additional 442 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 418.0% during the 1st quarter. Jane Street Group LLC now owns 9,791 shares of the company’s stock worth $1,056,000 after buying an additional 7,901 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 1.6% during the second quarter. Janney Montgomery Scott LLC now owns 11,758 shares of the company’s stock worth $1,374,000 after buying an additional 188 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 2nd quarter valued at $117,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 22.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 10,202 shares of the company’s stock valued at $1,193,000 after purchasing an additional 1,862 shares during the last quarter.

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. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually.