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 April 24, 2024, RWL stock price declined to $91.05 with 148,797 million shares trading.

RWL has a beta of 0.78, meaning it tends to be less sensitive to market movements. RWL has a correlation of 0.73 to the broad based SPY ETF.

RWL has a market cap of $2.96 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 stock has underperformed the market in the last year with a return of +20.8%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RWL shares. However, RWL has outperformed the market in the last 3 month and 2 week periods, returning +6.9% and -1.8%, while SPY returned +4.6% and -2.7%, respectively. This indicates RWL has been having a stronger performance recently.

RWL support price is $90.47 and resistance is $91.89 (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.