Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 12-Month High – What’s Next?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $131.24 and last traded at $131.18, with a volume of 9122 shares traded. The stock had previously closed at $130.28.

Invesco S&P 500 Revenue ETF Stock Up 0.3%

The business has a 50-day moving average of $126.95 and a 200-day moving average of $121.23. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of Invesco S&P 500 Revenue ETF by 12.2% in the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock valued at $1,015,453,000 after buying an additional 999,935 shares in the last quarter. LPL Financial LLC raised its position in Invesco S&P 500 Revenue ETF by 16.8% during the fourth quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock valued at $672,218,000 after acquiring an additional 843,089 shares in the last quarter. Morgan Stanley raised its position in Invesco S&P 500 Revenue ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 3,154,989 shares of the company’s stock valued at $361,246,000 after acquiring an additional 72,972 shares in the last quarter. Allworth Financial LP lifted its stake in Invesco S&P 500 Revenue ETF by 1.5% in the third quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock valued at $252,815,000 after acquiring an additional 32,997 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Invesco S&P 500 Revenue ETF by 0.3% in the first quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock valued at $252,220,000 after acquiring an additional 5,552 shares during the last quarter.

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.