Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 1-Year High – What’s Next?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.82 and last traded at $61.75, with a volume of 7716 shares changing hands. The stock had previously closed at $61.16.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The stock has a fifty day moving average price of $58.54 and a 200-day moving average price of $54.72. The firm has a market capitalization of $2.08 billion, a PE ratio of 13.17 and a beta of 1.07.

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

A number of institutional investors have recently added to or reduced their stakes in RWJ. Royal Bank of Canada raised its holdings in Invesco S&P SmallCap 600 Revenue ETF by 27.2% in the first quarter. Royal Bank of Canada now owns 122,906 shares of the company’s stock worth $5,002,000 after purchasing an additional 26,302 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 29.3% in the 1st quarter. Jane Street Group LLC now owns 43,073 shares of the company’s stock valued at $1,753,000 after buying an additional 9,751 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 9.4% in the 2nd quarter. Brown Advisory Inc. now owns 14,001 shares of the company’s stock valued at $606,000 after buying an additional 1,200 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 14.9% in the 2nd quarter. NewEdge Advisors LLC now owns 38,555 shares of the company’s stock worth $1,669,000 after buying an additional 4,998 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 4.4% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 30,891 shares of the company’s stock worth $1,337,000 after buying 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.