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 April 19, 2024, RWJ stock price climbed to $39.56 with 78,826 million shares trading.

RWJ has a beta of 1.20, meaning it tends to be more sensitive to market movements. RWJ has a correlation of 0.52 to the broad based SPY ETF.

RWJ has a market cap of $1.44 billion. This is considered a Small Cap stock.

In the last 3 years, RWJ stock traded as high as $43.69 and as low as $31.92.

RWJ has underperformed the market in the last year with a price return of +8.5% while the SPY ETF gained +21.8%. RWJ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.8% and -4.4%, respectively, while the SPY returned +4.8% and -3.0%, respectively.

RWJ support price is $38.73 and resistance is $39.77 (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 stock will trade within this expected range on the day.