Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 1-Year High – Here’s What Happened

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $117.54 and last traded at $117.54, with a volume of 4761 shares traded. The stock had previously closed at $117.36.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

The company’s 50 day simple moving average is $113.58 and its 200 day simple moving average is $112.15. The stock has a market cap of $811.34 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 business. Comerica Bank boosted its position in Invesco S&P MidCap 400 Revenue ETF by 2.8% during the first quarter. Comerica Bank now owns 3,310 shares of the company’s stock worth $381,000 after acquiring an additional 90 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 12.3% during the first quarter. Avantax Advisory Services Inc. now owns 5,103 shares of the company’s stock worth $587,000 after buying an additional 559 shares during the last quarter. DHK Financial Advisors Inc. bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the second quarter valued at approximately $384,000. Cetera Investment Advisers raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 54.7% during the 2nd quarter. Cetera Investment Advisers now owns 22,858 shares of the company’s stock valued at $2,509,000 after acquiring an additional 8,080 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 16.9% in the first quarter. Osaic Holdings Inc. now owns 114,812 shares of the company’s stock valued at $13,215,000 after purchasing an additional 16,584 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.