Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 52-Week High – What’s Next?

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) reached a new 52-week high during trading on Friday . The stock traded as high as $57.12 and last traded at $56.80, with a volume of 24626 shares traded. The stock had previously closed at $57.00.

Invesco S&P SmallCap 600 Revenue ETF Trading Down 1.1%

The stock has a market capitalization of $1.84 billion, a PE ratio of 13.17 and a beta of 1.08. The company’s 50 day simple moving average is $54.17 and its 200 day simple moving average is $51.91.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RWJ. Independent Financial Group LLC purchased a new stake in Invesco S&P SmallCap 600 Revenue ETF in the 1st quarter worth approximately $8,129,000. Raymond James Financial Inc. grew its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the 3rd quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock valued at $37,758,000 after buying an additional 134,756 shares during the period. Morgan Stanley grew its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% during the 4th quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock valued at $107,878,000 after buying an additional 124,135 shares during the period. Bank of America Corp DE grew its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 8.4% during the 1st quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock valued at $67,623,000 after buying an additional 104,300 shares during the period. Finally, Focus Partners Wealth grew its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 16.0% during the 4th quarter. Focus Partners Wealth now owns 525,416 shares of the company’s stock valued at $25,598,000 after buying an additional 72,377 shares during the period.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

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.