UBS Group AG cut its stake in Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Free Report) by 8.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,103 shares of the company’s stock after selling 7,340 shares during the quarter. UBS Group AG’s holdings in Invesco S&P MidCap 400 Revenue ETF were worth $9,750,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in RWK. Farther Finance Advisors LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter worth $30,000. Flagship Harbor Advisors LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter worth $65,000. MAI Capital Management bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter worth $87,000. Sunbelt Securities Inc. bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter worth $109,000. Finally, Private Wealth Management Group LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter worth $114,000.
Invesco S&P MidCap 400 Revenue ETF Trading Down 1.8%
Shares of NYSEARCA RWK opened at $136.03 on Friday. The firm has a fifty day simple moving average of $133.05 and a two-hundred day simple moving average of $130.93. The firm has a market capitalization of $1.18 billion, a PE ratio of 14.05 and a beta of 1.08. Invesco S&P MidCap 400 Revenue ETF has a 12 month low of $109.80 and a 12 month high of $143.32.
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.
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