Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw unusually-strong trading volume on Thursday . Approximately 45,280 shares were traded during mid-day trading, an increase of 116% from the previous session’s volume of 20,951 shares.The stock last traded at $148.72 and had previously closed at $147.06.

Invesco S&P MidCap 400 Revenue ETF Price Performance

The firm has a market capitalization of $1.30 billion, a P/E ratio of 14.05 and a beta of 1.06. The stock has a fifty day moving average of $143.00 and a 200 day moving average of $136.57.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of hedge funds have recently made changes to their positions in the stock. Vantagepoint Investment Advisers LLC lifted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 4.5% in the fourth quarter. Vantagepoint Investment Advisers LLC now owns 540,584 shares of the company’s stock worth $68,362,000 after buying an additional 23,259 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at approximately $1,331,000. RFG Advisory LLC bought a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the first quarter valued at approximately $678,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 114.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 27,750 shares of the company’s stock valued at $3,559,000 after acquiring an additional 14,802 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 164,309 shares of the company’s stock worth $20,778,000 after acquiring an additional 5,214 shares during the last quarter.

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. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually.