Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 1-Year High – Here’s What Happened

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s share price reached a new 52-week high on Wednesday . The company traded as high as $135.71 and last traded at $135.58, with a volume of 34719 shares trading hands. The stock had previously closed at $134.47.

Invesco S&P 500 Revenue ETF Stock Up 0.4%

The stock has a fifty day moving average of $130.50 and a two-hundred day moving average of $124.17. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Key Client Fiduciary Advisors LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF by 0.4% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 21,362 shares of the company’s stock valued at $2,729,000 after purchasing an additional 78 shares in the last quarter. Stephens Inc. AR increased its position in Invesco S&P 500 Revenue ETF by 4.4% during the 4th quarter. Stephens Inc. AR now owns 2,232 shares of the company’s stock worth $256,000 after purchasing an additional 94 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Invesco S&P 500 Revenue ETF by 17.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock worth $87,000 after purchasing an additional 115 shares in the last quarter. Savant Capital LLC raised its holdings in Invesco S&P 500 Revenue ETF by 3.0% in the fourth quarter. Savant Capital LLC now owns 4,315 shares of the company’s stock valued at $494,000 after buying an additional 124 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its position in Invesco S&P 500 Revenue ETF by 1.0% during the second quarter. Great Valley Advisor Group Inc. now owns 12,628 shares of the company’s stock valued at $1,317,000 after buying an additional 125 shares in the last quarter.

Invesco S&P 500 Revenue ETF Company Profile

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. 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.