Independent Financial Group LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 29,154 shares of the company’s stock, valued at approximately $3,350,000.
Several other institutional investors have also recently bought and sold shares of RWL. Axxcess Wealth Management LLC boosted its position in 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 acquiring an additional 1,239,026 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 Revenue ETF by 468.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,441,023 shares of the company’s stock valued at $164,997,000 after purchasing an additional 1,187,743 shares during the last quarter. Invesco Ltd. lifted its position in shares of Invesco S&P 500 Revenue ETF by 12.2% in the third 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. LPL Financial LLC lifted its position 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 purchasing an additional 843,089 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Invesco S&P 500 Revenue ETF by 71.6% during the first quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock worth $194,277,000 after purchasing an additional 705,554 shares during the last quarter.
Invesco S&P 500 Revenue ETF Trading Down 0.5%
Invesco S&P 500 Revenue ETF stock opened at $130.33 on Friday. The company has a market cap of $9.51 billion, a P/E ratio of 18.14 and a beta of 0.85. Invesco S&P 500 Revenue ETF has a 1-year low of $101.80 and a 1-year high of $131.56. The company has a fifty day simple moving average of $127.61 and a 200 day simple moving average of $121.72.
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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