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) reached a new 52-week high during trading on Friday . The stock traded as high as $123.70 and last traded at $123.70, with a volume of 2801 shares. The stock had previously closed at $122.19.

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

The firm has a 50 day moving average of $117.59 and a 200 day moving average of $113.88. The firm has a market cap of $847.16 million, a price-to-earnings ratio of 12.24 and a beta of 1.06.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. MML Investors Services LLC raised its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 1.4% in the third quarter. MML Investors Services LLC now owns 23,841 shares of the company’s stock valued at $2,773,000 after buying an additional 331 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 3.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 26,070 shares of the company’s stock worth $3,032,000 after purchasing an additional 848 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter valued at about $289,000. Rockefeller Capital Management L.P. boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 4.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 14,207 shares of the company’s stock valued at $1,653,000 after acquiring an additional 549 shares during the period. Finally, CreativeOne Wealth LLC purchased a new stake in Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter valued at about $648,000.

Invesco S&P MidCap 400 Revenue ETF Company Profile

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.