Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw strong trading volume on Thursday . 77,842 shares changed hands during mid-day trading, a decline of 39% from the previous session’s volume of 128,602 shares.The stock last traded at $102.10 and had previously closed at $102.23.

Invesco S&P 500 Revenue ETF Trading Down 0.4 %

The stock’s fifty day moving average price is $98.16 and its 200 day moving average price is $94.98. The stock has a market cap of $3.46 billion, a P/E ratio of 18.52 and a beta of 0.73.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

A number of large investors have recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in Invesco S&P 500 Revenue ETF by 1.0% in the 1st quarter. Comerica Bank now owns 11,660 shares of the company’s stock worth $1,093,000 after acquiring an additional 111 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in Invesco S&P 500 Revenue ETF by 1.0% in the second quarter. Concurrent Investment Advisors LLC now owns 12,323 shares of the company’s stock worth $1,141,000 after buying an additional 118 shares in the last quarter. Huntington National Bank raised its stake in Invesco S&P 500 Revenue ETF by 8.1% in the third quarter. Huntington National Bank now owns 1,672 shares of the company’s stock worth $164,000 after buying an additional 125 shares in the last quarter. Perennial Investment Advisors LLC raised its position in shares of Invesco S&P 500 Revenue ETF by 0.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 39,592 shares of the company’s stock worth $3,667,000 after acquiring an additional 189 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake 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 purchasing an additional 205 shares during the period.

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.