Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Large Volume Increase – Still a Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) shares saw strong trading volume on Thursday . 192,074 shares traded hands during trading, an increase of 129% from the previous session’s volume of 83,987 shares.The stock last traded at $53.88 and had previously closed at $54.25.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 13.17 and a beta of 1.10. The business has a 50 day simple moving average of $52.79 and a 200-day simple moving average of $51.29.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Revenue ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 0.4% during the first quarter. NewEdge Advisors LLC now owns 42,278 shares of the company’s stock valued at $2,134,000 after acquiring an additional 188 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in Invesco S&P SmallCap 600 Revenue ETF by 3.9% in the first quarter. Kestra Private Wealth Services LLC now owns 5,575 shares of the company’s stock worth $281,000 after purchasing an additional 208 shares during the last quarter. Comerica Bank grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 6.4% in the 4th quarter. Comerica Bank now owns 3,537 shares of the company’s stock valued at $172,000 after purchasing an additional 214 shares during the period. Key Financial Inc grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 2.1% in the 4th quarter. Key Financial Inc now owns 10,934 shares of the company’s stock valued at $533,000 after purchasing an additional 228 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 13.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,599 shares of the company’s stock valued at $126,000 after purchasing an additional 316 shares during the period.

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.