RWJ Stock Summary and Trading Ideas (Invesco Exchange-Traded Trust II Invesco S&P Smallcap 600 Revenue ETF | ARCA:RWJ)

The Invesco S&P SmallCap 600 Revenue ETF (the "Fund") is based on the S&P SmallCap 600 Revenue-Weighted Index (the "Index"). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights securities of the S&P SmallCap 600 Index according to the revenue earned by the companies, with a maximum 5% per company weighting. The Fund and Index are rebalanced quarterly.

Invesco Exchange-Traded Trust II Invesco S&P Smallcap 600 Revenue ETF trades on the ARCA stock market under the symbol RWJ.

As of January 31, 2025, RWJ stock price declined to $47.11 with 133,421 million shares trading.

RWJ has a beta of 0.97, meaning it tends to be less sensitive to market movements. RWJ has a correlation of 0.41 to the broad based SPY ETF.

RWJ has a market cap of $1.80 billion. This is considered a Small Cap stock.

In the last 3 years, RWJ traded as high as $49.92 and as low as $31.92.

RWJ has underperformed the market in the last year with a price return of +19.5% while the SPY ETF gained +26.1%. However, in the short term, RWJ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.6% vs +6.2% return in SPY. But in the last 2 weeks, RWJ shares have been beat by the market, returning +0.3% compared to an SPY return of +0.7%.

RWJ support price is $47.14 and resistance is $48.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RWJ shares will trade within this expected range on the day.