Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Hits New 12-Month High – Should You Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) shares hit a new 52-week high on Thursday . The company traded as high as $115.19 and last traded at $114.96, with a volume of 227977 shares trading hands. The stock had previously closed at $113.65.

Invesco S&P 500 Revenue ETF Stock Up 1.2%

The company has a market cap of $7.08 billion, a PE ratio of 18.14 and a beta of 0.92. The firm’s 50-day moving average is $112.03 and its 200-day moving average is $107.68.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RWL. Royal Bank of Canada increased its stake in Invesco S&P 500 Revenue ETF by 5.2% during the 1st quarter. Royal Bank of Canada now owns 143,125 shares of the company’s stock valued at $14,217,000 after purchasing an additional 7,044 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Invesco S&P 500 Revenue ETF by 18.2% during the second quarter. Avestar Capital LLC now owns 52,494 shares of the company’s stock valued at $5,475,000 after buying an additional 8,092 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Invesco S&P 500 Revenue ETF during the second quarter valued at approximately $621,000. Avantax Advisory Services Inc. increased its position in shares of Invesco S&P 500 Revenue ETF by 13.2% during the second quarter. Avantax Advisory Services Inc. now owns 183,781 shares of the company’s stock valued at $19,166,000 after acquiring an additional 21,372 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in Invesco S&P 500 Revenue ETF by 3.9% in the 2nd quarter. Truist Financial Corp now owns 30,429 shares of the company’s stock worth $3,173,000 after acquiring an additional 1,131 shares during 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.