Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Strong Trading Volume – What’s Next?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) shares saw an uptick in trading volume on Thursday . 184,289 shares traded hands during mid-day trading, an increase of 42% from the previous session’s volume of 129,838 shares.The stock last traded at $98.31 and had previously closed at $97.92.

Invesco S&P 500 Revenue ETF Price Performance

The business’s 50-day moving average price is $100.78 and its two-hundred day moving average price is $97.30. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 18.52 and a beta of 0.73.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank lifted its position in shares of Invesco S&P 500 Revenue ETF by 8.1% in the 3rd quarter. Huntington National Bank now owns 1,672 shares of the company’s stock worth $164,000 after purchasing an additional 125 shares during the period. Perennial Investment Advisors LLC grew its holdings in Invesco S&P 500 Revenue ETF by 0.5% in the second quarter. Perennial Investment Advisors LLC now owns 39,592 shares of the company’s stock worth $3,667,000 after purchasing an additional 189 shares during the period. Private Trust Co. NA increased its stake in Invesco S&P 500 Revenue ETF by 7.2% in the third quarter. Private Trust Co. NA now owns 3,072 shares of the company’s stock valued at $301,000 after purchasing an additional 205 shares in the last quarter. Flagstar Advisors Inc. raised its holdings in shares of Invesco S&P 500 Revenue ETF by 11.0% during the third quarter. Flagstar Advisors Inc. now owns 2,561 shares of the company’s stock valued at $251,000 after purchasing an additional 253 shares during the period. Finally, WealthTrust Asset Management LLC boosted its position in shares of Invesco S&P 500 Revenue ETF by 10.5% during the 2nd quarter. WealthTrust Asset Management LLC now owns 2,927 shares of the company’s stock worth $271,000 after purchasing an additional 277 shares in the last quarter.

About Invesco S&P 500 Revenue ETF

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.