Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sets New 12-Month High – Here’s Why

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) hit a new 52-week high during trading on Tuesday . The company traded as high as $149.27 and last traded at $149.27, with a volume of 488 shares traded. The stock had previously closed at $147.35.

Invesco S&P MidCap 400 Revenue ETF Trading Up 0.8%

The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. The firm’s fifty day simple moving average is $144.17 and its two-hundred day simple moving average is $137.43.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in Invesco S&P MidCap 400 Revenue ETF by 7.4% in the fourth quarter. Morgan Stanley now owns 938,017 shares of the company’s stock valued at $118,622,000 after purchasing an additional 64,763 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock worth $83,342,000 after purchasing an additional 538,536 shares during the period. LPL Financial LLC increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 3.1% during the 4th quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock worth $76,324,000 after purchasing an additional 18,274 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock worth $71,958,000 after purchasing an additional 472,081 shares during the last quarter. Finally, Fusion Family Wealth LLC raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 2.6% in the 1st quarter. Fusion Family Wealth LLC now owns 551,484 shares of the company’s stock valued at $70,733,000 after buying an additional 13,960 shares during the period.

About Invesco S&P MidCap 400 Revenue ETF

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.