Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Strong Trading Volume – Time to Buy?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWKGet Free Report) shares saw unusually-high trading volume on Thursday . Approximately 116,272 shares traded hands during trading, an increase of 349% from the previous session’s volume of 25,923 shares.The stock last traded at $111.28 and had previously closed at $111.21.

Invesco S&P MidCap 400 Revenue ETF Trading Down 0.7 %

The company’s 50-day simple moving average is $117.02 and its 200-day simple moving average is $117.61. The stock has a market capitalization of $836.96 million, a price-to-earnings ratio of 15.30 and a beta of 1.27.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF

A number of institutional investors have recently made changes to their positions in RWK. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 1.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 61,257 shares of the company’s stock valued at $7,120,000 after purchasing an additional 941 shares during the period. Copia Wealth Management acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at about $35,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at about $560,000. United Advisor Group LLC bought a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter worth about $245,000. Finally, Waverly Advisors LLC acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF in the 4th quarter worth about $1,075,000.

About Invesco S&P MidCap 400 Revenue ETF

(Get Free Report)

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.

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