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

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw an uptick in trading volume on Tuesday . 144,275 shares were traded during trading, a decline of 15% from the previous session’s volume of 169,079 shares.The stock last traded at $100.63 and had previously closed at $100.42.

Invesco S&P 500 Revenue ETF Stock Down 0.0 %

The firm has a market capitalization of $5.09 billion, a P/E ratio of 18.80 and a beta of 0.97. The business’s 50-day simple moving average is $101.56 and its 200 day simple moving average is $100.19.

Invesco S&P 500 Revenue ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.3904 per share. This is an increase from Invesco S&P 500 Revenue ETF’s previous dividend of $0.33. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Trading of Invesco S&P 500 Revenue ETF

A number of hedge funds have recently modified their holdings of RWL. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Revenue ETF by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,729 shares of the company’s stock valued at $8,309,000 after acquiring an additional 20,321 shares in the last quarter. FMR LLC increased its position in Invesco S&P 500 Revenue ETF by 19.2% during the third quarter. FMR LLC now owns 4,749 shares of the company’s stock valued at $466,000 after acquiring an additional 764 shares during the last quarter. Principal Securities Inc. lifted its holdings in Invesco S&P 500 Revenue ETF by 21.6% in the fourth quarter. Principal Securities Inc. now owns 2,244 shares of the company’s stock valued at $220,000 after acquiring an additional 399 shares during the period. Truist Financial Corp boosted its position in Invesco S&P 500 Revenue ETF by 3.2% in the fourth quarter. Truist Financial Corp now owns 30,208 shares of the company’s stock worth $2,958,000 after purchasing an additional 927 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco S&P 500 Revenue ETF during the 4th quarter valued at about $207,000.

About Invesco S&P 500 Revenue ETF

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.