Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 12-Month High – Should You Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high on Thursday . The company traded as high as $57.97 and last traded at $57.79, with a volume of 32382 shares. The stock had previously closed at $56.93.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The business’s fifty day simple moving average is $54.61 and its 200 day simple moving average is $52.20. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 13.17 and a beta of 1.08.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 27.2% during the 1st quarter. Royal Bank of Canada now owns 122,906 shares of the company’s stock valued at $5,002,000 after buying an additional 26,302 shares during the last quarter. Jane Street Group LLC raised its holdings in Invesco S&P SmallCap 600 Revenue ETF by 29.3% in the first quarter. Jane Street Group LLC now owns 43,073 shares of the company’s stock valued at $1,753,000 after acquiring an additional 9,751 shares in the last quarter. Brown Advisory Inc. raised its holdings in Invesco S&P SmallCap 600 Revenue ETF by 9.4% in the second quarter. Brown Advisory Inc. now owns 14,001 shares of the company’s stock valued at $606,000 after acquiring an additional 1,200 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Invesco S&P SmallCap 600 Revenue ETF by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 38,555 shares of the company’s stock valued at $1,669,000 after acquiring an additional 4,998 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in Invesco S&P SmallCap 600 Revenue ETF by 4.4% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 30,891 shares of the company’s stock valued at $1,337,000 after acquiring an additional 1,307 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.