Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 12-Month High – Should You Buy?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $148.30 and last traded at $148.11, with a volume of 3883 shares trading hands. The stock had previously closed at $146.44.

Invesco S&P MidCap 400 Revenue ETF Stock Up 0.6%

The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. The firm has a 50 day moving average of $142.54 and a 200 day moving average of $136.23.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of 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 valued at $7,522,000 after acquiring an additional 442 shares in the last quarter. Jane Street Group LLC grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 418.0% in the first quarter. Jane Street Group LLC now owns 9,791 shares of the company’s stock worth $1,056,000 after purchasing an additional 7,901 shares during the period. JPMorgan Chase & Co. grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 14.3% in the second quarter. JPMorgan Chase & Co. now owns 10,631 shares of the company’s stock worth $1,243,000 after purchasing an additional 1,327 shares during the period. NewEdge Advisors LLC increased its stake in Invesco S&P MidCap 400 Revenue ETF by 12.9% in the second quarter. NewEdge Advisors LLC now owns 11,909 shares of the company’s stock valued at $1,392,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Invesco S&P MidCap 400 Revenue ETF by 11.1% in the second quarter. Raymond James Financial Inc. now owns 126,366 shares of the company’s stock valued at $14,771,000 after purchasing an additional 12,639 shares in the last quarter.

Invesco S&P MidCap 400 Revenue ETF Company Profile

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.