Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Reaches New 12-Month High – Here’s Why

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) hit a new 52-week high on Thursday . The stock traded as high as $59.48 and last traded at $59.44, with a volume of 13721 shares traded. The stock had previously closed at $58.42.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

The business has a 50-day simple moving average of $56.16 and a 200-day simple moving average of $53.01. The firm has a market capitalization of $1.96 billion, a PE ratio of 13.17 and a beta of 1.08.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Independent Financial Group LLC bought a new stake in Invesco S&P SmallCap 600 Revenue ETF in the first quarter worth $8,129,000. Raymond James Financial Inc. increased its position in Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the third quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock valued at $37,758,000 after acquiring an additional 134,756 shares during the last quarter. Morgan Stanley raised its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% in the fourth quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock valued at $107,878,000 after acquiring an additional 124,135 shares during the period. Bank of America Corp DE raised its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 8.4% in the first quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock valued at $67,623,000 after acquiring an additional 104,300 shares during the period. Finally, Focus Partners Wealth lifted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 16.0% in the 4th quarter. Focus Partners Wealth now owns 525,416 shares of the company’s stock worth $25,598,000 after acquiring an additional 72,377 shares during the last quarter.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

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.