Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Large Volume Increase – Time to Buy?

Shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw strong trading volume on Friday . 1,595,335 shares traded hands during trading, an increase of 379% from the previous session’s volume of 332,725 shares.The stock last traded at $92.06 and had previously closed at $96.08.

Invesco S&P 500 Revenue ETF Stock Performance

The company’s fifty day moving average price is $100.98 and its 200-day moving average price is $100.32. The stock has a market cap of $4.75 billion, a P/E ratio of 18.99 and a beta of 0.97.

Invesco S&P 500 Revenue ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.3904 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco S&P 500 Revenue ETF’s previous dividend of $0.33.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

Several large investors have recently added to or reduced their stakes in RWL. Stonebridge Financial Group LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the 4th quarter worth $30,000. Abound Wealth Management bought a new stake in shares of Invesco S&P 500 Revenue ETF in the fourth quarter valued at about $37,000. Mpwm Advisory Solutions LLC purchased a new stake in Invesco S&P 500 Revenue ETF in the fourth quarter worth about $40,000. Ameriflex Group Inc. bought a new position in Invesco S&P 500 Revenue ETF during the 4th quarter worth about $89,000. Finally, Glass Jacobson Investment Advisors llc increased its position in Invesco S&P 500 Revenue ETF by 59.4% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,111 shares of the company’s stock valued at $109,000 after purchasing an additional 414 shares during the period.

About Invesco S&P 500 Revenue ETF

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500.