Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw unusually-strong trading volume on Friday . Approximately 61,215 shares changed hands during trading, an increase of 176% from the previous session’s volume of 22,153 shares.The stock last traded at $133.5670 and had previously closed at $134.37.

Invesco S&P MidCap 400 Revenue ETF Stock Down 0.7%

The stock’s 50-day moving average price is $127.49 and its 200-day moving average price is $124.89. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.05 and a beta of 1.17.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RWK. Royal Bank of Canada raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 0.6% during the 1st quarter. Royal Bank of Canada now owns 69,722 shares of the company’s stock valued at $7,522,000 after acquiring an additional 442 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 418.0% during the first quarter. Jane Street Group LLC now owns 9,791 shares of the company’s stock worth $1,056,000 after acquiring an additional 7,901 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 4.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 64,749 shares of the company’s stock valued at $7,893,000 after purchasing an additional 2,733 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 1.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,758 shares of the company’s stock worth $1,374,000 after acquiring an additional 188 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in Invesco S&P MidCap 400 Revenue ETF in the 2nd quarter valued at $117,000.

About Invesco S&P MidCap 400 Revenue ETF

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.