Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Large Volume Increase – Here’s Why

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJGet Free Report) saw unusually-high trading volume on Monday . Approximately 184,488 shares traded hands during mid-day trading, an increase of 112% from the previous session’s volume of 87,182 shares.The stock last traded at $61.80 and had previously closed at $62.29.

Invesco S&P SmallCap 600 Revenue ETF Stock Down 1.0%

The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 13.17 and a beta of 1.08. The stock’s 50-day simple moving average is $59.90 and its two-hundred day simple moving average is $55.52.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 27.2% during the first quarter. Royal Bank of Canada now owns 122,906 shares of the company’s stock valued at $5,002,000 after acquiring an additional 26,302 shares during the last quarter. Jane Street Group LLC increased its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 29.3% during the first quarter. Jane Street Group LLC now owns 43,073 shares of the company’s stock worth $1,753,000 after purchasing an additional 9,751 shares in the last quarter. Brown Advisory Inc. raised its stake in Invesco S&P SmallCap 600 Revenue ETF by 9.4% in the 2nd quarter. Brown Advisory Inc. now owns 14,001 shares of the company’s stock valued at $606,000 after purchasing an additional 1,200 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 14.9% in the 2nd quarter. NewEdge Advisors LLC now owns 38,555 shares of the company’s stock valued at $1,669,000 after purchasing an additional 4,998 shares in the last quarter. Finally, Ausdal Financial Partners Inc. lifted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 4.4% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 30,891 shares of the company’s stock valued at $1,337,000 after purchasing an additional 1,307 shares in the last quarter.

About Invesco S&P SmallCap 600 Revenue ETF

(Get Free Report)

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.

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