Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 52-Week High – Still a Buy?

Shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) hit a new 52-week high during trading on Wednesday . The company traded as high as $135.71 and last traded at $135.58, with a volume of 34719 shares trading hands. The stock had previously closed at $134.47.

Invesco S&P 500 Revenue ETF Stock Performance

The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85. The company’s fifty day moving average is $130.50 and its two-hundred day moving average is $124.17.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its holdings in Invesco S&P 500 Revenue ETF by 58.5% in the fourth quarter. Truist Financial Corp now owns 46,346 shares of the company’s stock valued at $5,307,000 after purchasing an additional 17,113 shares during the last quarter. Denver Wealth Management Inc. increased its holdings in Invesco S&P 500 Revenue ETF by 3.5% during the 4th quarter. Denver Wealth Management Inc. now owns 159,604 shares of the company’s stock worth $18,275,000 after purchasing an additional 5,427 shares during the last quarter. Atlas Legacy Advisors LLC increased its holdings in Invesco S&P 500 Revenue ETF by 13.8% during the 4th quarter. Atlas Legacy Advisors LLC now owns 182,893 shares of the company’s stock worth $20,941,000 after purchasing an additional 22,197 shares during the last quarter. Fusion Family Wealth LLC raised its position in shares of Invesco S&P 500 Revenue ETF by 3.0% in the 4th quarter. Fusion Family Wealth LLC now owns 1,628,324 shares of the company’s stock valued at $186,443,000 after purchasing an additional 46,696 shares in the last quarter. Finally, Petix & Botte Co raised its position in shares of Invesco S&P 500 Revenue ETF by 18.5% in the 4th quarter. Petix & Botte Co now owns 92,168 shares of the company’s stock valued at $10,553,000 after purchasing an additional 14,358 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.