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

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWKGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 42,286 shares traded hands during mid-day trading, an increase of 64% from the previous session’s volume of 25,715 shares.The stock last traded at $125.50 and had previously closed at $126.49.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

The business has a 50 day moving average price of $117.85 and a two-hundred day moving average price of $114.00. The stock has a market cap of $854.79 million, a PE ratio of 12.24 and a beta of 1.06.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RWK. Prism Advisors Inc. bought a new stake in Invesco S&P MidCap 400 Revenue ETF in the third quarter worth $17,700,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 1,760.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 59,643 shares of the company’s stock valued at $6,548,000 after acquiring an additional 56,438 shares during the period. Private Advisory Group LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF during the 2nd quarter worth approximately $5,323,000. Eagle Strategies LLC bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the second quarter worth approximately $4,216,000. Finally, LPL Financial LLC increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 6.5% in the second quarter. LPL Financial LLC now owns 578,976 shares of the company’s stock worth $63,562,000 after buying an additional 35,104 shares during the period.

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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