Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 12-Month High – Here’s Why

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) hit a new 52-week high during trading on Thursday . The company traded as high as $135.80 and last traded at $135.8290, with a volume of 96606 shares trading hands. The stock had previously closed at $134.55.

Invesco S&P 500 Revenue ETF Stock Performance

The stock has a market capitalization of $9.99 billion, a PE ratio of 18.14 and a beta of 0.85. The company’s fifty day simple moving average is $131.89 and its two-hundred day simple moving average is $125.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. grew its holdings in Invesco S&P 500 Revenue ETF by 12.2% during the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock valued at $1,015,453,000 after buying an additional 999,935 shares during the last quarter. LPL Financial LLC lifted its position in shares of Invesco S&P 500 Revenue ETF by 16.8% in the fourth quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock valued at $672,218,000 after acquiring an additional 843,089 shares in the last quarter. Morgan Stanley boosted its stake in shares of Invesco S&P 500 Revenue ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 3,154,989 shares of the company’s stock valued at $361,246,000 after acquiring an additional 72,972 shares during the last quarter. Bank of America Corp DE increased its position in Invesco S&P 500 Revenue ETF by 0.3% during the 1st quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock worth $252,220,000 after purchasing an additional 5,552 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Invesco S&P 500 Revenue ETF by 71.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock worth $194,277,000 after purchasing an additional 705,554 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.