Verdence Capital Advisors LLC bought a new position in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund bought 170,313 shares of the company’s stock, valued at approximately $21,916,000. Invesco S&P 500 Revenue ETF makes up 0.9% of Verdence Capital Advisors LLC’s portfolio, making the stock its 23rd biggest holding.
Several other large investors have also recently bought and sold shares of RWL. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P 500 Revenue ETF in the 3rd quarter worth about $284,703,000. Apollon Wealth Management LLC grew its stake in Invesco S&P 500 Revenue ETF by 5.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,992 shares of the company’s stock valued at $385,000 after acquiring an additional 155 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Invesco S&P 500 Revenue ETF by 4.7% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 57,630 shares of the company’s stock valued at $7,416,000 after acquiring an additional 2,568 shares in the last quarter. Sigma Planning Corp purchased a new position in Invesco S&P 500 Revenue ETF during the 3rd quarter valued at about $546,000. Finally, Simplicity Wealth LLC increased its holdings in shares of Invesco S&P 500 Revenue ETF by 4.0% in the 3rd quarter. Simplicity Wealth LLC now owns 25,390 shares of the company’s stock valued at $3,267,000 after purchasing an additional 968 shares during the period.
Invesco S&P 500 Revenue ETF Price Performance
Shares of RWL opened at $134.69 on Tuesday. The business’s 50-day moving average is $132.97 and its 200-day moving average is $125.71. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. Invesco S&P 500 Revenue ETF has a fifty-two week low of $109.26 and a fifty-two week high of $135.88.
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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