Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Hits New 52-Week High – Should You Buy?

Shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $102.99 and last traded at $102.99, with a volume of 48139 shares traded. The stock had previously closed at $102.32.

Invesco S&P 500 Revenue ETF Stock Performance

The firm has a market cap of $3.50 billion, a P/E ratio of 18.52 and a beta of 0.73. The business’s 50-day simple moving average is $99.05 and its 200 day simple moving average is $95.50.

Institutional Trading of Invesco S&P 500 Revenue ETF

Hedge funds have recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new stake in Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $29,000. GoalVest Advisory LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter worth $65,000. Glass Jacobson Investment Advisors llc raised its holdings in Invesco S&P 500 Revenue ETF by 59.4% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,111 shares of the company’s stock worth $109,000 after purchasing an additional 414 shares during the period. Huntington National Bank lifted its position in Invesco S&P 500 Revenue ETF by 8.1% during the third quarter. Huntington National Bank now owns 1,672 shares of the company’s stock valued at $164,000 after purchasing an additional 125 shares in the last quarter. Finally, Lowery Thomas LLC bought a new stake in Invesco S&P 500 Revenue ETF during the third quarter valued at about $207,000.

Invesco S&P 500 Revenue ETF Company Profile

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.