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

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw strong trading volume on Tuesday . 854,182 shares changed hands during mid-day trading, an increase of 162% from the previous session’s volume of 326,619 shares.The stock last traded at $97.85 and had previously closed at $99.09.

Invesco S&P 500 Revenue ETF Trading Down 1.4 %

The firm has a market cap of $4.96 billion, a P/E ratio of 18.80 and a beta of 0.97. The business’s fifty day simple moving average is $101.46 and its 200-day simple moving average is $100.02.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Invesco S&P 500 Revenue ETF by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,729 shares of the company’s stock valued at $8,309,000 after acquiring an additional 20,321 shares in the last quarter. FMR LLC raised its stake in Invesco S&P 500 Revenue ETF by 19.2% in the third quarter. FMR LLC now owns 4,749 shares of the company’s stock valued at $466,000 after purchasing an additional 764 shares in the last quarter. Principal Securities Inc. lifted its position in Invesco S&P 500 Revenue ETF by 21.6% during the fourth quarter. Principal Securities Inc. now owns 2,244 shares of the company’s stock valued at $220,000 after purchasing an additional 399 shares during the last quarter. Truist Financial Corp grew its stake in Invesco S&P 500 Revenue ETF by 3.2% in the 4th quarter. Truist Financial Corp now owns 30,208 shares of the company’s stock worth $2,958,000 after buying an additional 927 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Invesco S&P 500 Revenue ETF by 85.4% in the 3rd quarter. Atria Investments Inc now owns 21,149 shares of the company’s stock worth $2,074,000 after buying an additional 9,744 shares during the last quarter.

About Invesco S&P 500 Revenue ETF

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.