Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 12-Month High – What’s Next?

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.45 and last traded at $62.40, with a volume of 28632 shares trading hands. The stock had previously closed at $61.86.

Invesco S&P SmallCap 600 Revenue ETF Stock Up 1.6%

The company has a 50-day moving average price of $58.92 and a 200-day moving average price of $54.92. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 13.17 and a beta of 1.07.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RWJ. Morgan Stanley lifted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% during the fourth 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 last quarter. Fusion Family Wealth LLC grew its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 1.4% in the first quarter. Fusion Family Wealth LLC now owns 1,498,972 shares of the company’s stock worth $75,668,000 after acquiring an additional 20,971 shares during the last quarter. Bank of America Corp DE increased its position in Invesco S&P SmallCap 600 Revenue ETF by 8.4% during the first quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock worth $67,623,000 after acquiring an additional 104,300 shares during the period. UBS Group AG increased its position in Invesco S&P SmallCap 600 Revenue ETF by 0.9% during the third quarter. UBS Group AG now owns 816,789 shares of the company’s stock worth $39,451,000 after acquiring an additional 7,522 shares during the period. Finally, Raymond James Financial Inc. increased its position in Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the third quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock worth $37,758,000 after acquiring an additional 134,756 shares during the period.

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.