Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sets New 12-Month High – Still a Buy?

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high on Tuesday . The stock traded as high as $62.45 and last traded at $62.40, with a volume of 28632 shares. The stock had previously closed at $61.86.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

The company’s 50-day moving average price is $59.17 and its 200-day moving average price is $55.06. The company has a market cap of $2.09 billion, a P/E ratio of 13.17 and a beta of 1.08.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Greenline Wealth Management LLC acquired a new stake in Invesco S&P SmallCap 600 Revenue ETF in the 4th quarter valued at approximately $31,000. Ameriflex Group Inc. acquired a new stake in Invesco S&P SmallCap 600 Revenue ETF in the 4th quarter valued at $42,000. AlphaCore Capital LLC lifted its position in Invesco S&P SmallCap 600 Revenue ETF by 341.4% during the 4th quarter. AlphaCore Capital LLC now owns 927 shares of the company’s stock worth $45,000 after buying an additional 717 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 913.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,125 shares of the company’s stock worth $54,000 after buying an additional 1,014 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 200.8% during the 4th quarter. Allworth Financial LP now owns 2,397 shares of the company’s stock worth $117,000 after buying an additional 1,600 shares during the last quarter.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.