Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Reaches New 12-Month Low – Should You Sell?

Shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $86.00 and last traded at $86.00, with a volume of 133 shares trading hands. The stock had previously closed at $116.33.

Invesco S&P MidCap 400 Revenue ETF Stock Down 0.5 %

The business has a 50 day moving average price of $120.60 and a 200 day moving average price of $115.29. The stock has a market cap of $785.74 million, a PE ratio of 12.24 and a beta of 1.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in shares of Invesco S&P MidCap 400 Revenue ETF by 4.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 14,207 shares of the company’s stock valued at $1,653,000 after acquiring an additional 549 shares during the period. US Bancorp DE lifted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 47.9% in the third quarter. US Bancorp DE now owns 2,016 shares of the company’s stock worth $234,000 after buying an additional 653 shares in the last quarter. DHK Financial Advisors Inc. acquired a new position in Invesco S&P MidCap 400 Revenue ETF during the second quarter worth about $384,000. Cetera Investment Advisers grew its stake in Invesco S&P MidCap 400 Revenue ETF by 54.7% during the 2nd quarter. Cetera Investment Advisers now owns 22,858 shares of the company’s stock valued at $2,509,000 after acquiring an additional 8,080 shares in the last quarter. Finally, Prism Advisors Inc. acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF in the third quarter valued at approximately $17,700,000.

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.