Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw an uptick in trading volume on Thursday . 4,964,829 shares changed hands during trading, an increase of 758% from the previous session’s volume of 578,900 shares.The stock last traded at $102.60 and had previously closed at $102.26.

Invesco S&P 500 Revenue ETF Stock Performance

The firm has a market capitalization of $3.49 billion, a PE ratio of 18.52 and a beta of 0.73. The business’s 50 day moving average is $100.88 and its two-hundred day moving average is $98.04.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Revenue ETF by 17.0% during the third quarter. LPL Financial LLC now owns 3,464,953 shares of the company’s stock worth $339,808,000 after purchasing an additional 502,496 shares during the last quarter. Allworth Financial LP increased its stake in shares of Invesco S&P 500 Revenue ETF by 1.7% in the 3rd quarter. Allworth Financial LP now owns 2,396,779 shares of the company’s stock worth $235,052,000 after acquiring an additional 40,290 shares during the last quarter. Fusion Family Wealth LLC raised its position in shares of Invesco S&P 500 Revenue ETF by 4.1% during the 3rd quarter. Fusion Family Wealth LLC now owns 1,415,712 shares of the company’s stock valued at $138,839,000 after buying an additional 55,620 shares during the period. Kozak & Associates Inc. raised its stake in shares of Invesco S&P 500 Revenue ETF by 14.9% in the 4th quarter. Kozak & Associates Inc. now owns 549,917 shares of the company’s stock valued at $54,381,000 after acquiring an additional 71,350 shares during the period. Finally, ERn Financial LLC lifted its stake in Invesco S&P 500 Revenue ETF by 0.6% during the fourth quarter. ERn Financial LLC now owns 398,974 shares of the company’s stock worth $39,067,000 after purchasing an additional 2,425 shares in the last quarter.

Invesco S&P 500 Revenue ETF Company Profile

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.