Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Strong Trading Volume – Here’s Why

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw unusually-high trading volume on Friday . Approximately 29,412 shares traded hands during trading, an increase of 11% from the previous session’s volume of 26,504 shares.The stock last traded at $110.76 and had previously closed at $111.28.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

The stock has a market capitalization of $855.99 million, a P/E ratio of 16.51 and a beta of 1.27. The company’s 50-day moving average price is $118.44 and its 200 day moving average price is $118.00.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Signature Estate & Investment Advisors LLC raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 2.8% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 5,517 shares of the company’s stock valued at $642,000 after purchasing an additional 149 shares during the period. Sigma Planning Corp raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 19,308 shares of the company’s stock valued at $2,246,000 after purchasing an additional 247 shares during the period. Copia Wealth Management purchased a new position in Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at $35,000. MML Investors Services LLC grew its stake in Invesco S&P MidCap 400 Revenue ETF by 1.4% during the third quarter. MML Investors Services LLC now owns 23,841 shares of the company’s stock valued at $2,773,000 after acquiring an additional 331 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in Invesco S&P MidCap 400 Revenue ETF by 28.8% during the fourth quarter. Harbour Investments Inc. now owns 1,517 shares of the company’s stock valued at $176,000 after acquiring an additional 339 shares in the last quarter.

About Invesco S&P MidCap 400 Revenue ETF

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.