Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sets New 52-Week High – Still a Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high during trading on Friday . The company traded as high as $55.02 and last traded at $55.02, with a volume of 21078 shares trading hands. The stock had previously closed at $53.67.

Invesco S&P SmallCap 600 Revenue ETF Stock Up 2.3%

The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 13.17 and a beta of 1.08. The stock’s 50 day moving average is $51.70 and its 200 day moving average is $50.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RWJ. Morgan Stanley increased its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% during the 4th quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock worth $107,878,000 after purchasing an additional 124,135 shares during the period. Fusion Family Wealth LLC increased its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 2.7% during the 4th quarter. Fusion Family Wealth LLC now owns 1,478,001 shares of the company’s stock worth $72,008,000 after purchasing an additional 38,370 shares during the period. Bank of America Corp DE increased its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 1,203,187 shares of the company’s stock worth $58,114,000 after purchasing an additional 12,956 shares during the period. UBS Group AG increased its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 0.9% during the 3rd quarter. UBS Group AG now owns 816,789 shares of the company’s stock worth $39,451,000 after purchasing an additional 7,522 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the 3rd quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock worth $37,758,000 after purchasing an additional 134,756 shares during the period.

About Invesco S&P SmallCap 600 Revenue ETF

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.