Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Reaches New 1-Year High – Here’s Why

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) hit a new 52-week high on Thursday . The company traded as high as $60.33 and last traded at $59.63, with a volume of 132178 shares traded. The stock had previously closed at $59.50.

Invesco S&P SmallCap 600 Revenue ETF Stock Up 0.2%

The firm has a 50 day simple moving average of $56.46 and a 200-day simple moving average of $53.24. The stock has a market cap of $2.01 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

Large investors have recently added to or reduced their stakes in the business. Independent Financial Group LLC bought a new position in Invesco S&P SmallCap 600 Revenue ETF during the first quarter worth $8,129,000. Raymond James Financial Inc. lifted its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the 3rd quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock worth $37,758,000 after buying an additional 134,756 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% during the 4th quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock worth $107,878,000 after buying an additional 124,135 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 8.4% during the 1st quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock worth $67,623,000 after buying an additional 104,300 shares during the period. Finally, Focus Partners Wealth grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 16.0% in the 4th quarter. Focus Partners Wealth now owns 525,416 shares of the company’s stock valued at $25,598,000 after buying an additional 72,377 shares during the last quarter.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

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.