Axxcess Wealth Management LLC decreased its position in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) by 29.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 234,702 shares of the company’s stock after selling 99,784 shares during the period. Invesco S&P 500 Revenue ETF comprises approximately 0.9% of Axxcess Wealth Management LLC’s portfolio, making the stock its 29th largest position. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $26,970,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Invesco S&P 500 Revenue ETF by 12.2% during the third quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after acquiring an additional 999,935 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Revenue ETF by 16.8% in the fourth 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 in the last quarter. Morgan Stanley raised its position in shares of Invesco S&P 500 Revenue ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 3,154,989 shares of the company’s stock worth $361,246,000 after purchasing an additional 72,972 shares during the period. Allworth Financial LP raised its position in shares of 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 worth $252,815,000 after purchasing an additional 32,997 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Revenue ETF by 9.1% during the 3rd quarter. Bank of America Corp DE now owns 2,193,550 shares of the company’s stock valued at $242,738,000 after purchasing an additional 182,412 shares in the last quarter.
Invesco S&P 500 Revenue ETF Price Performance
NYSEARCA:RWL opened at $130.09 on Wednesday. The business’s 50-day simple moving average is $126.49 and its 200-day simple moving average is $120.91. Invesco S&P 500 Revenue ETF has a fifty-two week low of $101.80 and a fifty-two week high of $130.83. The stock has a market capitalization of $9.39 billion, a PE ratio of 18.14 and a beta of 0.85.
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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