Invesco S&P MidCap 400 Revenue ETF $RWK Shares Newly Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC acquired a new position in Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 105,679 shares of the company’s stock, valued at approximately $14,963,000. Sound Income Strategies LLC owned 1.17% of Invesco S&P MidCap 400 Revenue ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RWK. Trust Co. of Vermont purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the 2nd quarter worth approximately $135,000. Essex Financial Services Inc. purchased a new position in Invesco S&P MidCap 400 Revenue ETF in the first quarter valued at approximately $202,000. Fifth Third Bancorp purchased a new position in Invesco S&P MidCap 400 Revenue ETF in the first quarter valued at approximately $377,000. Nations Financial Group Inc. IA ADV grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 27.5% during the first quarter. Nations Financial Group Inc. IA ADV now owns 2,949 shares of the company’s stock valued at $378,000 after purchasing an additional 636 shares during the period. Finally, Seros Financial LLC purchased a new stake in Invesco S&P MidCap 400 Revenue ETF in the first quarter worth $454,000.

Invesco S&P MidCap 400 Revenue ETF Price Performance

Shares of RWK traded up $0.07 during mid-day trading on Friday, hitting $141.66. The stock had a trading volume of 7,702 shares, compared to its average volume of 20,694. Invesco S&P MidCap 400 Revenue ETF has a 52 week low of $118.54 and a 52 week high of $152.74. The business has a fifty day moving average price of $146.42 and a 200-day moving average price of $142.52. The firm has a market cap of $1.28 billion, a P/E ratio of 14.05 and a beta of 1.07.

Invesco S&P MidCap 400 Revenue ETF 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.