Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Hits New 52-Week High – Time to Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $98.43 and last traded at $98.36, with a volume of 38977 shares traded. The stock had previously closed at $97.82.

Invesco S&P 500 Revenue ETF Trading Up 0.6 %

The business has a 50-day moving average price of $95.74 and a 200 day moving average price of $93.60. The stock has a market capitalization of $3.34 billion, a P/E ratio of 18.52 and a beta of 0.73.

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

A number of institutional investors and hedge funds have recently bought and sold shares of RWL. Sanctuary Advisors LLC purchased a new stake in Invesco S&P 500 Revenue ETF in the second quarter worth about $1,790,000. Cetera Investment Advisers lifted its holdings in Invesco S&P 500 Revenue ETF by 14.4% during the second quarter. Cetera Investment Advisers now owns 129,245 shares of the company’s stock worth $11,971,000 after buying an additional 16,315 shares during the period. Truist Financial Corp boosted its position in Invesco S&P 500 Revenue ETF by 5.3% during the 2nd quarter. Truist Financial Corp now owns 27,193 shares of the company’s stock valued at $2,519,000 after acquiring an additional 1,360 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Invesco S&P 500 Revenue ETF by 44.5% in the 2nd quarter. NewEdge Advisors LLC now owns 18,356 shares of the company’s stock valued at $1,700,000 after acquiring an additional 5,657 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 Revenue ETF by 26.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 171,011 shares of the company’s stock worth $15,839,000 after purchasing an additional 35,550 shares during 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.