Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Reaches New 1-Year High – Here’s What Happened

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $148.24 and last traded at $147.78, with a volume of 8363 shares changing hands. The stock had previously closed at $146.22.

Invesco S&P MidCap 400 Revenue ETF Trading Up 0.4%

The firm’s fifty day moving average price is $138.51 and its 200 day moving average price is $133.53. The firm has a market capitalization of $1.28 billion, a PE ratio of 14.05 and a beta of 1.07.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

Several institutional investors and hedge funds have recently modified their holdings of RWK. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after acquiring an additional 538,536 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock valued at $71,958,000 after acquiring an additional 472,081 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 914.2% during the 1st quarter. Bleakley Financial Group LLC now owns 205,423 shares of the company’s stock valued at $26,348,000 after acquiring an additional 185,169 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 44.3% in the 3rd quarter. Bank of America Corp DE now owns 253,339 shares of the company’s stock valued at $31,670,000 after purchasing an additional 77,834 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 7.4% during the fourth quarter. Morgan Stanley now owns 938,017 shares of the company’s stock valued at $118,622,000 after buying an additional 64,763 shares in the last quarter.

About Invesco S&P MidCap 400 Revenue ETF

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.