Kestra Advisory Services LLC raised its position in shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Free Report) by 27.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,060 shares of the company’s stock after purchasing an additional 5,005 shares during the period. Kestra Advisory Services LLC owned about 0.27% of Invesco S&P MidCap 400 Revenue ETF worth $2,958,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after buying an additional 538,536 shares during the period. Ameriprise Financial Inc. lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 455.6% in the third quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock worth $71,958,000 after acquiring an additional 472,081 shares during the period. Bank of America Corp DE lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 44.3% in the third quarter. Bank of America Corp DE now owns 253,339 shares of the company’s stock worth $31,670,000 after acquiring an additional 77,834 shares during the period. Morgan Stanley lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 7.4% in the fourth quarter. Morgan Stanley now owns 938,017 shares of the company’s stock worth $118,622,000 after acquiring an additional 64,763 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 13.4% during the 4th quarter. Wells Fargo & Company MN now owns 287,714 shares of the company’s stock worth $36,384,000 after acquiring an additional 34,104 shares in the last quarter.
Invesco S&P MidCap 400 Revenue ETF Stock Performance
NYSEARCA RWK opened at $147.80 on Friday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. The company’s 50-day simple moving average is $143.00 and its two-hundred day simple moving average is $136.57. Invesco S&P MidCap 400 Revenue ETF has a one year low of $115.34 and a one year high of $149.27.
Invesco S&P MidCap 400 Revenue ETF Company Profile
RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. 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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