Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Hits New 1-Year High – Here’s Why

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) reached a new 52-week high on Wednesday . The stock traded as high as $101.09 and last traded at $101.06, with a volume of 369 shares. The stock had previously closed at $98.16.

Invesco S&P 500 Revenue ETF Stock Up 0.6 %

The firm has a 50 day simple moving average of $97.84 and a two-hundred day simple moving average of $94.72. The stock has a market capitalization of $3.46 billion, a P/E ratio of 18.52 and a beta of 0.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RWL. Creekmur Asset Management LLC acquired a new position in Invesco S&P 500 Revenue ETF during the 3rd quarter worth approximately $29,000. GoalVest Advisory LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the third quarter worth $65,000. Huntington National Bank lifted its stake in shares of Invesco S&P 500 Revenue ETF by 8.1% in the 3rd quarter. Huntington National Bank now owns 1,672 shares of the company’s stock valued at $164,000 after acquiring an additional 125 shares during the last quarter. Lowery Thomas LLC bought a new position in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter valued at $207,000. Finally, Secure Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF during the 2nd quarter valued at $247,000.

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.