RWL Stock Summary and Trading Ideas (Invesco Exchange-Traded Trust II Invesco S&P 500 Revenue ETF | ARCA:RWL)

The Invesco S&P 500 Revenue ETF (the "Fund") is based on the S&P 500 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 500 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 500 Revenue ETF trades on the ARCA stock market under the symbol RWL.

As of May 3, 2024, RWL stock price climbed to $90.56 with 151,875 million shares trading.

RWL has a beta of 0.76, meaning it tends to be less sensitive to market movements. RWL has a correlation of 0.71 to the broad based SPY ETF.

RWL has a market cap of $2.99 billion. This is considered a Mid Cap stock.

In the last 3 years, RWL stock traded as high as $93.98 and as low as $66.68.

RWL has underperformed the market in the last year with a price return of +22.5% while the SPY ETF gained +27.0%. However, in the short term, RWL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +3.9% vs +3.7% return in SPY. But in the last 2 weeks, RWL shares have been beat by the market, returning +0.6% compared to an SPY return of +3.3%.

RWL support price is $89.31 and resistance is $90.73 (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 RWL stock will trade within this expected range on the day.