Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 1-Year High – What’s Next?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $139.71 and last traded at $139.71, with a volume of 3912 shares. The stock had previously closed at $136.87.

Invesco S&P MidCap 400 Revenue ETF Stock Up 2.4%

The business has a fifty day simple moving average of $132.15 and a 200-day simple moving average of $129.13. The firm has a market cap of $1.22 billion, a P/E ratio of 14.05 and a beta of 1.09.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RWK. CWM LLC increased its stake in Invesco S&P MidCap 400 Revenue ETF by 10,333.0% in the 3rd quarter. CWM LLC now owns 31,925 shares of the company’s stock worth $3,991,000 after acquiring an additional 31,619 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter worth approximately $64,671,000. Nwam LLC increased its stake in Invesco S&P MidCap 400 Revenue ETF by 91.1% in the 3rd quarter. Nwam LLC now owns 39,595 shares of the company’s stock worth $4,928,000 after acquiring an additional 18,871 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Invesco S&P MidCap 400 Revenue ETF by 26.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 41,491 shares of the company’s stock worth $5,203,000 after acquiring an additional 8,589 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Invesco S&P MidCap 400 Revenue ETF by 35.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 50,045 shares of the company’s stock worth $6,256,000 after acquiring an additional 13,149 shares during 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.