Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 52-Week Low – What’s Next?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK)’s stock price hit a new 52-week low on Thursday . The company traded as low as $103.64 and last traded at $103.75, with a volume of 5856 shares traded. The stock had previously closed at $110.45.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

The business has a fifty day moving average of $114.42 and a 200-day moving average of $117.40. The company has a market capitalization of $731.48 million, a P/E ratio of 15.32 and a beta of 1.27.

Invesco S&P MidCap 400 Revenue ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco S&P MidCap 400 Revenue ETF’s previous dividend of $0.34.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Copia Wealth Management bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at about $35,000. Financial Life Planners bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter worth approximately $65,000. PSI Advisors LLC boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 77.2% in the 4th quarter. PSI Advisors LLC now owns 909 shares of the company’s stock worth $106,000 after buying an additional 396 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 28.8% in the 4th quarter. Harbour Investments Inc. now owns 1,517 shares of the company’s stock worth $176,000 after buying an additional 339 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the fourth quarter valued at approximately $203,000.

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.