Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 52-Week High – Here’s Why

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s stock price reached a new 52-week high on Friday . The company traded as high as $123.70 and last traded at $123.70, with a volume of 2801 shares traded. The stock had previously closed at $122.19.

Invesco S&P MidCap 400 Revenue ETF Stock Up 1.8 %

The stock’s 50 day simple moving average is $117.59 and its two-hundred day simple moving average is $113.88. The company has a market cap of $847.16 million, a PE ratio of 12.24 and a beta of 1.06.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. PSI Advisors LLC acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at about $60,000. First Command Advisory Services Inc. increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 105.6% in the second quarter. First Command Advisory Services Inc. now owns 993 shares of the company’s stock worth $109,000 after acquiring an additional 510 shares in the last quarter. Empirical Asset Management LLC purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the third quarter worth approximately $209,000. US Bancorp DE grew its position in Invesco S&P MidCap 400 Revenue ETF by 47.9% during the third quarter. US Bancorp DE now owns 2,016 shares of the company’s stock valued at $234,000 after purchasing an additional 653 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its position in Invesco S&P MidCap 400 Revenue ETF by 16.1% during the second quarter. Great Valley Advisor Group Inc. now owns 2,329 shares of the company’s stock valued at $256,000 after purchasing an additional 323 shares in the last quarter.

About Invesco S&P MidCap 400 Revenue ETF

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400.