World Investment Advisors lowered its position in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) by 12.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,716 shares of the company’s stock after selling 5,514 shares during the quarter. World Investment Advisors’ holdings in Invesco S&P 500 Revenue ETF were worth $4,319,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kraft Davis & Associates LLC raised its stake in Invesco S&P 500 Revenue ETF by 6.7% during the fourth quarter. Kraft Davis & Associates LLC now owns 98,730 shares of the company’s stock valued at $11,640,000 after buying an additional 6,235 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $251,111,000. Retirement Planning Group LLC NY raised its stake in Invesco S&P 500 Revenue ETF by 7.5% during the third quarter. Retirement Planning Group LLC NY now owns 61,184 shares of the company’s stock valued at $6,771,000 after buying an additional 4,270 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $591,000. Finally, Allworth Financial LP raised its stake in Invesco S&P 500 Revenue ETF by 1.5% during the third quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock valued at $252,815,000 after buying an additional 32,997 shares in the last quarter.
Invesco S&P 500 Revenue ETF Stock Up 0.4%
Shares of NYSEARCA RWL opened at $125.58 on Friday. The stock’s 50 day moving average price is $119.02 and its two-hundred day moving average price is $117.06. Invesco S&P 500 Revenue ETF has a 52-week low of $98.79 and a 52-week high of $125.92. The stock has a market capitalization of $8.89 billion, a P/E ratio of 18.14 and a beta of 0.86.
About Invesco S&P 500 Revenue ETF
RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually.
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