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

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw unusually-strong trading volume on Monday . Approximately 221,600 shares traded hands during mid-day trading, an increase of 728% from the previous session’s volume of 26,755 shares.The stock last traded at $96.97 and had previously closed at $98.45.

Invesco S&P MidCap 400 Revenue ETF Stock Down 1.2 %

The firm has a market cap of $723.01 million, a price-to-earnings ratio of 15.32 and a beta of 1.27. The business has a 50 day moving average of $113.93 and a 200 day moving average of $117.31.

Invesco S&P MidCap 400 Revenue ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco S&P MidCap 400 Revenue ETF’s previous dividend of $0.34.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of hedge funds have recently bought and sold shares of RWK. Proficio Capital Partners LLC purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter worth $1,608,000. Steward Partners Investment Advisory LLC grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 6.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,702 shares of the company’s stock valued at $779,000 after buying an additional 415 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 25.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,445 shares of the company’s stock valued at $749,000 after acquiring an additional 1,312 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 402.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,921 shares of the company’s stock worth $456,000 after acquiring an additional 3,140 shares during the period. Finally, Resonant Capital Advisors LLC boosted its position in shares of Invesco S&P MidCap 400 Revenue ETF by 2.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 154,708 shares of the company’s stock worth $17,982,000 after acquiring an additional 2,979 shares during the last quarter.

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.