Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sets New 12-Month High – Here’s Why

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) reached a new 52-week high on Thursday . The company traded as high as $135.80 and last traded at $135.8290, with a volume of 96606 shares. The stock had previously closed at $134.55.

Invesco S&P 500 Revenue ETF Stock Up 1.0%

The company has a market cap of $9.99 billion, a PE ratio of 18.14 and a beta of 0.85. The business’s 50 day moving average price is $131.89 and its 200-day moving average price is $125.29.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SWAN Capital LLC acquired a new position in Invesco S&P 500 Revenue ETF in the 4th quarter worth $30,000. Aptus Capital Advisors LLC grew its stake 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 worth $87,000 after acquiring an additional 115 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Invesco S&P 500 Revenue ETF by 100.6% in the first quarter. Assetmark Inc. now owns 953 shares of the company’s stock worth $110,000 after acquiring an additional 478 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Invesco S&P 500 Revenue ETF by 125.0% in the third quarter. US Bancorp DE now owns 1,125 shares of the company’s stock worth $124,000 after acquiring an additional 625 shares in the last quarter.

Invesco S&P 500 Revenue ETF Company Profile

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.