Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw unusually-strong trading volume on Thursday . Approximately 116,272 shares changed hands during mid-day trading, an increase of 349% from the previous session’s volume of 25,923 shares.The stock last traded at $111.28 and had previously closed at $111.21.

Invesco S&P MidCap 400 Revenue ETF Trading Down 0.7 %

The firm has a market cap of $836.96 million, a PE ratio of 15.30 and a beta of 1.27. The company’s 50 day moving average price is $117.02 and its two-hundred day moving average price is $117.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fusion Family Wealth LLC lifted its position in Invesco S&P MidCap 400 Revenue ETF by 4.2% during the fourth quarter. Fusion Family Wealth LLC now owns 503,385 shares of the company’s stock valued at $58,561,000 after acquiring an additional 20,164 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 7.4% during the 4th quarter. Wells Fargo & Company MN now owns 347,171 shares of the company’s stock valued at $40,352,000 after purchasing an additional 24,004 shares during the last quarter. Prism Advisors Inc. lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 23.1% during the 4th quarter. Prism Advisors Inc. now owns 187,246 shares of the company’s stock valued at $21,764,000 after purchasing an additional 35,080 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Invesco S&P MidCap 400 Revenue ETF by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 154,708 shares of the company’s stock worth $17,982,000 after purchasing an additional 2,979 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Invesco S&P MidCap 400 Revenue ETF during the 4th quarter worth $14,068,000.

Invesco S&P MidCap 400 Revenue ETF Company Profile

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.