Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sets New 12-Month Low – Should You Sell?

Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $38.08 and last traded at $38.22, with a volume of 53937 shares trading hands. The stock had previously closed at $41.46.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The stock has a market capitalization of $1.48 billion, a P/E ratio of 12.25 and a beta of 1.19. The firm’s 50-day simple moving average is $44.21 and its 200 day simple moving average is $45.64.

Invesco S&P SmallCap 600 Revenue ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new position in Invesco S&P SmallCap 600 Revenue ETF during the fourth quarter worth about $951,000. Captrust Financial Advisors bought a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF during the third quarter worth approximately $239,000. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 60.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,503 shares of the company’s stock worth $1,625,000 after acquiring an additional 13,421 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 71.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 18,345 shares of the company’s stock worth $839,000 after purchasing an additional 7,666 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Invesco S&P SmallCap 600 Revenue ETF by 15.5% in the 3rd quarter. HighTower Advisors LLC now owns 22,333 shares of the company’s stock valued at $1,025,000 after purchasing an additional 2,992 shares during the period.

About Invesco S&P SmallCap 600 Revenue ETF

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.