Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Strong Trading Volume – Time to Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw unusually-high trading volume on Tuesday . Approximately 648,318 shares changed hands during trading, an increase of 139% from the previous session’s volume of 271,413 shares.The stock last traded at $119.7190 and had previously closed at $119.59.

Invesco S&P 500 Revenue ETF Price Performance

The business’s fifty day moving average price is $117.72 and its 200-day moving average price is $113.09. The stock has a market capitalization of $7.86 billion, a PE ratio of 18.14 and a beta of 0.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RWL. GoalVest Advisory LLC increased its holdings in shares of Invesco S&P 500 Revenue ETF by 355.1% in the fourth quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the period. Capital Investment Advisory Services LLC purchased a new position in Invesco S&P 500 Revenue ETF during the fourth quarter worth about $26,000. SWAN Capital LLC bought a new position in Invesco S&P 500 Revenue ETF in the 4th quarter worth about $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Invesco S&P 500 Revenue ETF by 40.9% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 341 shares of the company’s stock valued at $36,000 after acquiring an additional 99 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in shares of Invesco S&P 500 Revenue ETF by 359.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock valued at $38,000 after acquiring an additional 259 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.