Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 52-Week High – Time to Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $131.90 and last traded at $131.80, with a volume of 9854 shares. The stock had previously closed at $130.20.

Invesco S&P 500 Revenue ETF Price Performance

The business has a 50 day moving average price of $128.52 and a 200 day moving average price of $122.59. The stock has a market capitalization of $9.59 billion, a PE ratio of 18.14 and a beta of 0.85.

Institutional Trading of Invesco S&P 500 Revenue ETF

Institutional investors have recently bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new position in shares of Invesco S&P 500 Revenue ETF in the fourth quarter worth approximately $26,000. SWAN Capital LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the fourth quarter valued at approximately $30,000. Aptus Capital Advisors LLC increased its position in shares of Invesco S&P 500 Revenue ETF by 359.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock valued at $38,000 after acquiring an additional 259 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Invesco S&P 500 Revenue ETF by 17.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock valued at $87,000 after acquiring an additional 115 shares in the last quarter. Finally, Avion Wealth purchased a new position in Invesco S&P 500 Revenue ETF in the 4th quarter worth approximately $88,000.

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. 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.