Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Large Volume Increase – Here’s Why

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) shares saw an uptick in trading volume on Tuesday . 244,439 shares changed hands during mid-day trading, an increase of 149% from the previous session’s volume of 98,345 shares.The stock last traded at $52.9850 and had previously closed at $52.09.

Invesco S&P SmallCap 600 Revenue ETF Trading Down 1.0%

The company has a market cap of $1.71 billion, a price-to-earnings ratio of 13.17 and a beta of 1.15. The company has a fifty day moving average price of $50.60 and a two-hundred day moving average price of $48.35.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Several institutional investors and hedge funds have recently bought and sold shares of RWJ. Aviso Financial Inc. bought a new position in shares of Invesco S&P SmallCap 600 Revenue ETF during the 2nd quarter worth about $26,000. Allworth Financial LP raised its position in Invesco S&P SmallCap 600 Revenue ETF by 235.5% in the second quarter. Allworth Financial LP now owns 671 shares of the company’s stock worth $29,000 after purchasing an additional 471 shares in the last quarter. CWM LLC lifted its stake in Invesco S&P SmallCap 600 Revenue ETF by 223.5% during the second quarter. CWM LLC now owns 812 shares of the company’s stock worth $35,000 after purchasing an additional 561 shares during the period. AlphaCore Capital LLC boosted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 341.4% during the fourth quarter. AlphaCore Capital LLC now owns 927 shares of the company’s stock valued at $45,000 after purchasing an additional 717 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 913.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,125 shares of the company’s stock valued at $54,000 after purchasing an additional 1,014 shares during the period.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.