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The Invesco S&P MidCap 400 Revenue ETF (the "Fund") is based on the S&P MidCap 400 Revenue-Weighted Index (the "Index"). The Fund will invest at least 90% of its total assets in securities of mid-capitalization companies in the Index. The Index is constructed using a rules-based approach that re-weights securities of the S&P MidCap 400 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 Midcap 400 Revenue ETF trades on the ARCA stock market under the symbol RWK.
As of March 28, 2024, RWK stock price was flat at $114.70 with 480 million shares trading.
RWK has a beta of 1.10, meaning it tends to be more sensitive to market movements. RWK has a correlation of 0.62 to the broad based SPY ETF.
RWK has a market cap of $752.59 million. This is considered a Small Cap stock.
In the last 3 years, RWK stock traded as high as $114.70 and as low as $74.22.
RWK has underperformed the market in the last year with a return of +32.8%, while the SPY ETF gained +33.7%. In the last 3 month period, RWK fell short of the market, returning +8.6%, while SPY returned +10.2%. However, in the most recent 2 weeks RWK has outperformed the stock market by returning +3.6%, while SPY returned +1.7%.
RWK support price is $113.68 and resistance is $115.72 (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 RWK stock will trade within this expected range on the day.