Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 1-Year High – Should You Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s share price reached a new 52-week high on Wednesday . The company traded as high as $113.85 and last traded at $113.73, with a volume of 64630 shares. The stock had previously closed at $113.16.

Invesco S&P 500 Revenue ETF Stock Performance

The company’s 50 day simple moving average is $110.63 and its 200-day simple moving average is $105.75. The firm has a market capitalization of $7.01 billion, a PE ratio of 18.14 and a beta of 0.92.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

Hedge funds have recently bought and sold shares of the stock. JNBA Financial Advisors purchased a new position in Invesco S&P 500 Revenue ETF in the second quarter worth $27,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Invesco S&P 500 Revenue ETF by 40.9% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 341 shares of the company’s stock valued at $36,000 after purchasing an additional 99 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Invesco S&P 500 Revenue ETF by 154.2% during the 1st quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $42,000 after buying an additional 259 shares in the last quarter. Atlantic Private Wealth LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF during the 1st quarter valued at about $52,000. Finally, Thompson Investment Management Inc. bought a new stake in Invesco S&P 500 Revenue ETF in the 2nd quarter worth approximately $52,000.

About Invesco S&P 500 Revenue ETF

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.