Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 1-Year High – Here’s Why

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high during trading on Wednesday . The stock 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 business has a fifty day moving average of $44.78 and a 200 day moving average of $42.75. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 3.65 and a beta of 1.25.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Revenue ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 3,705.2% during the first quarter. Cetera Investment Advisers now owns 219,026 shares of the company’s stock worth $9,377,000 after buying an additional 213,270 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 274.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 175,208 shares of the company’s stock valued at $7,021,000 after purchasing an additional 128,470 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF in the 2nd quarter valued at $4,741,000. Cyr Financial Inc. acquired a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF in the 2nd quarter valued at $4,120,000. Finally, Fusion Family Wealth LLC boosted its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.0% during the third quarter. Fusion Family Wealth LLC now owns 1,330,696 shares of the company’s stock worth $60,826,000 after buying an additional 63,324 shares during the period.

About Invesco S&P SmallCap 600 Revenue ETF

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.