Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 224,679 shares, a growth of 169.0% from the April 15th total of 83,535 shares. Based on an average trading volume of 215,373 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold.
Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF
Large investors have recently bought and sold shares of the stock. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P 500 Revenue ETF during the third quarter worth about $251,111,000. Axxcess Wealth Management LLC increased its stake in shares of Invesco S&P 500 Revenue ETF by 1,242.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,338,780 shares of the company’s stock worth $153,290,000 after purchasing an additional 1,239,026 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P 500 Revenue ETF by 468.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,441,023 shares of the company’s stock worth $164,997,000 after purchasing an additional 1,187,743 shares in the last quarter. Invesco Ltd. increased its stake in shares of Invesco S&P 500 Revenue ETF by 12.2% during the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after purchasing an additional 999,935 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Invesco S&P 500 Revenue ETF by 16.8% in the 4th quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock worth $672,218,000 after acquiring an additional 843,089 shares during the period.
Invesco S&P 500 Revenue ETF Stock Performance
RWL opened at $124.41 on Friday. The stock has a market capitalization of $8.81 billion, a PE ratio of 18.14 and a beta of 0.86. Invesco S&P 500 Revenue ETF has a one year low of $98.79 and a one year high of $125.92. The business’s 50 day moving average price is $119.10 and its 200 day moving average price is $117.12.
Invesco S&P 500 Revenue ETF Company Profile
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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