Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 52-Week High – Still a Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $48.08 and last traded at $47.96, with a volume of 16465 shares changing hands. The stock had previously closed at $45.56.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

The firm has a market capitalization of $1.74 billion, a PE ratio of 3.65 and a beta of 1.25. The company has a 50-day moving average price of $44.78 and a 200 day moving average price of $42.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.3% in the first quarter. Janney Montgomery Scott LLC now owns 26,698 shares of the company’s stock worth $1,143,000 after buying an additional 4,512 shares during the period. LPF Advisors LLC boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.2% in the 1st quarter. LPF Advisors LLC now owns 11,605 shares of the company’s stock valued at $497,000 after buying an additional 575 shares in the last quarter. US Bancorp DE lifted its position in Invesco S&P SmallCap 600 Revenue ETF by 2.2% during the first quarter. US Bancorp DE now owns 23,063 shares of the company’s stock valued at $987,000 after acquiring an additional 506 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 7.1% in the first quarter. Ameritas Investment Partners Inc. now owns 16,782 shares of the company’s stock worth $718,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Oxford Wealth Group LLC purchased a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF during the first quarter valued at $1,089,000.

About Invesco S&P SmallCap 600 Revenue ETF

(Get Free Report)

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.

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