Shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Get Free Report) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $136.00 and last traded at $135.63, with a volume of 67,107 shares trading hands. The stock had previously closed at $134.71.
Invesco S&P 500 Revenue ETF Trading Up 1.4%
The firm has a 50 day simple moving average of $133.03 and a 200 day simple moving average of $126.31. The firm has a market capitalization of $10.50 billion, a PE ratio of 18.14 and a beta of 0.85.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. StoneX Group Inc. purchased a new stake in Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $253,000. Ashton Thomas Private Wealth LLC bought a new position in Invesco S&P 500 Revenue ETF in the third quarter worth approximately $108,000. Kestra Advisory Services LLC boosted its stake in shares of Invesco S&P 500 Revenue ETF by 19.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 393,280 shares of the company’s stock worth $50,607,000 after acquiring an additional 64,393 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF during the 3rd quarter worth $108,080,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF during the 3rd quarter worth $7,030,000.
About Invesco S&P 500 Revenue ETF
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.
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