(RWK) Invesco S&P MidCap 400 - Ratings and Ratios

RWK is an exchange‑traded fund that tracks the S&P MidCap 400 Revenue Index, delivering exposure to U.S. mid‑cap companies weighted by revenue rather than market capitalization, which emphasizes firms with stronger cash‑flow generation.

The fund’s beta of roughly 1.25 indicates amplified sensitivity to S&P 500 movements, while its average true range of 1.29 points (≈1 % of price) reflects modest intraday volatility for a mid‑cap value vehicle.

Over the past year the ETF has traded between a low of $94.41 and a high of $126.48, a price spread of about 34 %, illustrating the cyclical nature of mid‑cap equities and their reaction to macro‑economic shifts.

Key performance indicators include a dividend yield near 2 % (paid quarterly), an expense ratio of 0.35 %, and an annual turnover rate around 15 %, indicating a relatively low‑cost, low‑turnover structure.

Sector allocation is heavily weighted toward industrials, consumer discretionary, and financials, sectors that are directly tied to U.S. GDP growth, corporate capital spending, and consumer confidence. Revenue weighting further concentrates exposure to firms with robust top‑line growth, making the fund more resilient to earnings volatility but more sensitive to macro‑driven revenue trends.

Primary economic drivers for RWK’s performance are domestic consumer spending, business investment cycles, and interest‑rate policy. A tightening monetary environment can pressure valuation multiples, yet revenue‑focused weighting can mitigate earnings‑centric downside risk.

Top holdings typically include mid‑cap leaders such as Cummins, Quanta Services, and Dover, each with market caps between $10 B and $30 B and proven revenue scalability.

Average daily trading volume hovers around 26 k shares, providing sufficient liquidity for institutional and retail participants without generating excessive market impact.