Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Hits New 12-Month Low – Time to Sell?

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) hit a new 52-week low during trading on Thursday . The stock traded as low as $103.64 and last traded at $103.75, with a volume of 5856 shares trading hands. The stock had previously closed at $110.45.

Invesco S&P MidCap 400 Revenue ETF Stock Down 6.8 %

The stock has a market cap of $765.00 million, a PE ratio of 15.32 and a beta of 1.27. The business has a 50 day moving average price of $115.29 and a 200 day moving average price of $117.61.

Invesco S&P MidCap 400 Revenue ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.38 dividend. 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.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Fusion Family Wealth LLC raised 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 worth $58,561,000 after acquiring an additional 20,164 shares during the period. Wells Fargo & Company MN increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 7.4% during the fourth quarter. Wells Fargo & Company MN now owns 347,171 shares of the company’s stock worth $40,352,000 after purchasing an additional 24,004 shares in the last quarter. Prism Advisors Inc. raised its position 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 worth $21,764,000 after purchasing an additional 35,080 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in 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 valued at $17,982,000 after buying an additional 2,979 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter worth about $14,068,000.

About Invesco S&P MidCap 400 Revenue ETF

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.