Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Reaches New 1-Year High – Time to Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) hit a new 52-week high on Friday . The stock traded as high as $104.22 and last traded at $104.12, with a volume of 19382 shares changing hands. The stock had previously closed at $103.90.

Invesco S&P 500 Revenue ETF Trading Up 0.2 %

The stock has a 50 day moving average price of $99.72 and a two-hundred day moving average price of $95.95. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 18.52 and a beta of 0.73.

Institutional Trading of Invesco S&P 500 Revenue ETF

Hedge funds have recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in shares of Invesco S&P 500 Revenue ETF by 1.0% during the 1st quarter. Comerica Bank now owns 11,660 shares of the company’s stock worth $1,093,000 after buying an additional 111 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Invesco S&P 500 Revenue ETF by 1.0% during the second quarter. Concurrent Investment Advisors LLC now owns 12,323 shares of the company’s stock valued at $1,141,000 after purchasing an additional 118 shares during the last quarter. Huntington National Bank grew its stake in Invesco S&P 500 Revenue ETF by 8.1% in the third quarter. Huntington National Bank now owns 1,672 shares of the company’s stock valued at $164,000 after purchasing an additional 125 shares in the last quarter. Perennial Investment Advisors LLC increased its position in shares of Invesco S&P 500 Revenue ETF by 0.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 39,592 shares of the company’s stock worth $3,667,000 after purchasing an additional 189 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Invesco S&P 500 Revenue ETF by 7.2% during the 3rd quarter. Private Trust Co. NA now owns 3,072 shares of the company’s stock worth $301,000 after purchasing an additional 205 shares in the last quarter.

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.