Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Large Volume Increase – Should You Buy?

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) saw unusually-strong trading volume on Thursday . Approximately 192,074 shares traded hands during trading, an increase of 129% from the previous session’s volume of 83,987 shares.The stock last traded at $53.88 and had previously closed at $54.25.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The stock has a fifty day moving average of $52.60 and a 200-day moving average of $51.21. The company has a market cap of $1.79 billion, a PE ratio of 13.17 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in Invesco S&P SmallCap 600 Revenue ETF by 27.2% in the 1st quarter. Royal Bank of Canada now owns 122,906 shares of the company’s stock worth $5,002,000 after buying an additional 26,302 shares during the period. Jane Street Group LLC grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 29.3% in the 1st quarter. Jane Street Group LLC now owns 43,073 shares of the company’s stock worth $1,753,000 after acquiring an additional 9,751 shares in the last quarter. Brown Advisory Inc. grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 9.4% in the 2nd quarter. Brown Advisory Inc. now owns 14,001 shares of the company’s stock worth $606,000 after acquiring an additional 1,200 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 14.9% during the second quarter. NewEdge Advisors LLC now owns 38,555 shares of the company’s stock worth $1,669,000 after acquiring an additional 4,998 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 4.4% during the second quarter. Ausdal Financial Partners Inc. now owns 30,891 shares of the company’s stock worth $1,337,000 after acquiring an additional 1,307 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.