Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Strong Trading Volume – Still a Buy?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw an uptick in trading volume on Tuesday. 34,470 shares changed hands during trading, an increase of 69% from the previous session’s volume of 20,378 shares. The stock last traded at $142.7850 and had previously closed at $141.90.

Invesco S&P MidCap 400 Revenue ETF Price Performance

The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07. The stock’s fifty day moving average price is $146.58 and its 200-day moving average price is $142.40.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

Several large investors have recently added to or reduced their stakes in the company. J. Derek Lewis & Associates Inc. purchased a new position in Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at approximately $1,331,000. RFG Advisory LLC acquired a new stake in Invesco S&P MidCap 400 Revenue ETF in the first quarter valued at approximately $678,000. Kestra Advisory Services LLC grew its position in Invesco S&P MidCap 400 Revenue ETF by 27.7% in the first quarter. Kestra Advisory Services LLC now owns 23,060 shares of the company’s stock worth $2,958,000 after acquiring an additional 5,005 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 114.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 27,750 shares of the company’s stock worth $3,559,000 after purchasing an additional 14,802 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 16.9% during the 1st quarter. Bank of America Corp DE now owns 326,143 shares of the company’s stock worth $41,831,000 after purchasing an additional 47,267 shares during the last quarter.

Invesco S&P MidCap 400 Revenue ETF Company Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. 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.