Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Large Volume Increase – Should You Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) shares saw unusually-strong trading volume on Thursday . Approximately 77,842 shares traded hands during mid-day trading, a decline of 39% from the previous session’s volume of 128,602 shares.The stock last traded at $102.10 and had previously closed at $102.23.

Invesco S&P 500 Revenue ETF Price Performance

The company has a market cap of $3.42 billion, a PE ratio of 18.52 and a beta of 0.73. The company’s 50 day simple moving average is $98.29 and its two-hundred day simple moving average is $95.03.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

A number of hedge funds have recently added to or reduced their stakes in RWL. Creekmur Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF during the 3rd quarter worth approximately $29,000. GoalVest Advisory LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF during the third quarter worth about $65,000. Glass Jacobson Investment Advisors llc increased its position in Invesco S&P 500 Revenue ETF by 59.4% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,111 shares of the company’s stock worth $109,000 after purchasing an additional 414 shares during the period. Huntington National Bank lifted its holdings in Invesco S&P 500 Revenue ETF by 8.1% in the third quarter. Huntington National Bank now owns 1,672 shares of the company’s stock valued at $164,000 after acquiring an additional 125 shares during the period. Finally, Lowery Thomas LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the third quarter valued at about $207,000.

Invesco S&P 500 Revenue ETF Company Profile

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500.