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

Shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw unusually-high trading volume on Thursday . Approximately 4,964,829 shares were traded during trading, an increase of 758% from the previous session’s volume of 578,900 shares.The stock last traded at $102.60 and had previously closed at $102.26.

Invesco S&P 500 Revenue ETF Stock Up 0.5 %

The company’s 50 day simple moving average is $100.88 and its two-hundred day simple moving average is $98.04. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 18.52 and a beta of 0.73.

Institutional Trading of Invesco S&P 500 Revenue ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank raised its stake in shares of Invesco S&P 500 Revenue ETF by 8.1% in the 3rd 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. Private Trust Co. NA boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 7.2% in the 3rd quarter. Private Trust Co. NA now owns 3,072 shares of the company’s stock valued at $301,000 after buying an additional 205 shares during the period. Flagstar Advisors Inc. grew its holdings in shares of Invesco S&P 500 Revenue ETF by 11.0% during the third quarter. Flagstar Advisors Inc. now owns 2,561 shares of the company’s stock valued at $251,000 after purchasing an additional 253 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Invesco S&P 500 Revenue ETF by 5.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 5,155 shares of the company’s stock worth $505,000 after buying an additional 282 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in Invesco S&P 500 Revenue ETF during the 3rd quarter valued at about $29,000.

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.