Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Unusually-High Trading Volume – Still a Buy?

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) shares saw unusually-strong trading volume on Tuesday . Approximately 144,275 shares changed hands during trading, a decline of 15% from the previous session’s volume of 169,079 shares.The stock last traded at $100.63 and had previously closed at $100.42.

Invesco S&P 500 Revenue ETF Stock Down 0.2 %

The business’s fifty day moving average price is $101.58 and its 200 day moving average price is $100.23. The firm has a market capitalization of $5.08 billion, a PE ratio of 18.80 and a beta of 0.97.

Invesco S&P 500 Revenue ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.3904 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Invesco S&P 500 Revenue ETF’s previous dividend of $0.33.

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

A number of institutional investors have recently added to or reduced their stakes in RWL. Invesco Ltd. acquired a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at about $119,981,000. Raymond James Financial Inc. acquired a new position in Invesco S&P 500 Revenue ETF during the fourth quarter valued at approximately $52,704,000. LPL Financial LLC increased its position in shares of Invesco S&P 500 Revenue ETF by 15.4% in the fourth quarter. LPL Financial LLC now owns 3,997,747 shares of the company’s stock worth $391,459,000 after acquiring an additional 532,794 shares in the last quarter. Independent Advisor Alliance purchased a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at $21,668,000. Finally, Merit Financial Group LLC lifted its holdings in shares of Invesco S&P 500 Revenue ETF by 322.5% during the 4th quarter. Merit Financial Group LLC now owns 167,218 shares of the company’s stock valued at $16,374,000 after acquiring an additional 127,642 shares in the last quarter.

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.