Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sets New 12-Month High – Time to Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $61.82 and last traded at $61.75, with a volume of 7716 shares. The stock had previously closed at $61.16.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The company has a 50-day simple moving average of $58.22 and a two-hundred day simple moving average of $54.57. The firm has a market capitalization of $2.15 billion, a P/E ratio of 13.17 and a beta of 1.07.

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

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Invesco S&P SmallCap 600 Revenue ETF by 0.4% in the first quarter. NewEdge Advisors LLC now owns 42,278 shares of the company’s stock worth $2,134,000 after purchasing an additional 188 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 3.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 5,575 shares of the company’s stock valued at $281,000 after buying an additional 208 shares in the last quarter. Comerica Bank boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 6.4% during the 4th quarter. Comerica Bank now owns 3,537 shares of the company’s stock valued at $172,000 after buying an additional 214 shares in the last quarter. Key Financial Inc grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 2.1% in the 4th quarter. Key Financial Inc now owns 10,934 shares of the company’s stock worth $533,000 after buying an additional 228 shares during the period. Finally, Aptus Capital Advisors LLC grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 13.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,599 shares of the company’s stock worth $126,000 after buying an additional 316 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.