Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Reaches New 1-Year High – Here’s What Happened

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) hit a new 52-week high on Monday . The company traded as high as $148.24 and last traded at $147.78, with a volume of 8363 shares. The stock had previously closed at $146.22.

Invesco S&P MidCap 400 Revenue ETF Trading Up 0.4%

The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07. The stock’s 50 day moving average is $138.51 and its two-hundred day moving average is $133.53.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RWK. Vantagepoint Investment Advisers LLC raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 4.5% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 540,584 shares of the company’s stock valued at $68,362,000 after acquiring an additional 23,259 shares during the period. Envestnet Asset Management Inc. boosted its stake in Invesco S&P MidCap 400 Revenue ETF by 35.6% in the third quarter. Envestnet Asset Management Inc. now owns 50,045 shares of the company’s stock valued at $6,256,000 after acquiring an additional 13,149 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in Invesco S&P MidCap 400 Revenue ETF by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 164,309 shares of the company’s stock valued at $20,778,000 after acquiring an additional 5,214 shares during the last quarter. Fusion Family Wealth LLC boosted its stake in Invesco S&P MidCap 400 Revenue ETF by 3.5% in the fourth quarter. Fusion Family Wealth LLC now owns 537,524 shares of the company’s stock valued at $67,975,000 after acquiring an additional 18,153 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in Invesco S&P MidCap 400 Revenue ETF in the third quarter valued at about $5,616,000.

About Invesco S&P MidCap 400 Revenue ETF

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually.