November 24, 2016 - By Peter Erickson · 0 Comments
Nov 24 is a positive day so far for Oppenheimer Mid Cap Revenue ETF (NYSEARCA:RWK) as the ETF is active during the day after gaining 0.54% to hit $53.95 per share. The exchange traded fund has 229.27 million net assets and 1.09% volatility this month.
Over the course of the day 1,687 shares traded hands, as compared to an average volume of 13,690 over the last 30 days for Oppenheimer Mid Cap Revenue ETF (NYSEARCA:RWK).
The ETF is 0.09% of its 52-Week High and 32.65% of its low, and is currently having ATR of 0.66. This year’s performance is 12.47% while this quarter’s performance is 0.29%.
The ETF’s YTD performance is 8.36%, the 1 year is 3.79% and the 3 year is 5.48%.
The ETF’s average P/E ratio is 15.98, the price to book is 1.6, the price to sales is 0.4 and the price to cashflow is 4.91. It was started on 03/07/2008. The fund’s top holdings are: Ingram Micro Inc. Common Stock for 3.58% of assets, Tech Data Corporation for 2.32%, Avnet Inc. Common Stock for 2.24%, Arrow Electronics Inc. Common for 1.92%, World Fuel Services Corporation for 1.88%, ManpowerGroup Common Stock for 1.73%, Jabil Circuit Inc. Common Stoc for 1.41%, AECOM Common Stock for 1.39%, Tenet Healthcare Corporation Co for 1.26%, Molina Healthcare Inc Common St for 1.22%. The ETF sector weights are: Basic Materials 6.84%, Consumer Cyclical 18.26%, Financial Services 9.36%, Realestate 3.61%, Consumer Defensive 6.19%, Healthcare 7.49%, Utilities 3.23%, Communication Services 0.49%, Energy 5.90%, Industrials 18.53%, Technology 20.10%. The ETF currently as 0.88% yield.
More notable recent RevenueShares Mid Cap Fund (ETF) (NYSEARCA:RWK) news were published by: Etftrends.com which released: “As Earnings Kick Off, These ETFs Weight by Revenue, Profits” on April 11, 2011, also Etftrends.com with their article: “OppenheimerFunds Dives into ETF Space with VTL Acquisition” published on September 09, 2015, Zacks.com published: “Revenue Weighted ETFs Keep Crushing the Market” on February 28, 2014. More interesting news about RevenueShares Mid Cap Fund (ETF) (NYSEARCA:RWK) were released by: Etfdailynews.com and their article: “RevenueShares Expands Team To Support Growth Initiative” published on July 30, 2013 as well as Businesswire.com‘s news article titled: “VTL Associates Closes Growth Capital Investment” with publication date: May 20, 2013.
RevenueShares Mid Cap ETF seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The ETF has a market cap of $229.27 million. The Fund consists of the same constituent securities as the S&P 400. It has a 4.53 P/E ratio. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue.
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By Peter Erickson