Blue Water Asset Management purchased a new position in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 142,675 shares of the company’s stock, valued at approximately $16,336,000. Invesco S&P 500 Revenue ETF makes up about 5.9% of Blue Water Asset Management’s investment portfolio, making the stock its 7th largest position.
A number of other large investors have also made changes to their positions in RWL. USAdvisors Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at $282,000. Thrivent Financial for Lutherans acquired a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at $2,806,000. Petix & Botte Co increased its position in shares of Invesco S&P 500 Revenue ETF by 18.5% in the 4th quarter. Petix & Botte Co now owns 92,168 shares of the company’s stock valued at $10,553,000 after acquiring an additional 14,358 shares during the period. Moneco Advisors LLC increased its position in shares of Invesco S&P 500 Revenue ETF by 5.4% in the 4th quarter. Moneco Advisors LLC now owns 83,759 shares of the company’s stock valued at $9,590,000 after acquiring an additional 4,317 shares during the period. Finally, Money Concepts Capital Corp increased its position in shares of Invesco S&P 500 Revenue ETF by 416.5% in the 4th quarter. Money Concepts Capital Corp now owns 48,074 shares of the company’s stock valued at $5,504,000 after acquiring an additional 38,766 shares during the period.
Invesco S&P 500 Revenue ETF Price Performance
NYSEARCA RWL opened at $124.41 on Friday. The stock’s fifty day moving average price is $119.10 and its 200 day moving average price is $117.12. Invesco S&P 500 Revenue ETF has a 1 year low of $98.79 and a 1 year high of $125.92. The company has a market cap of $8.81 billion, a price-to-earnings 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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