Modern Wealth Management LLC acquired a new stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 16,410 shares of the company’s stock, valued at approximately $1,891,000.
Several other institutional investors and hedge funds also recently made changes to their positions in RWL. Capital Investment Advisory Services LLC bought a new stake in Invesco S&P 500 Revenue ETF in the fourth quarter worth approximately $26,000. SWAN Capital LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at $30,000. Aptus Capital Advisors LLC lifted its position in shares of Invesco S&P 500 Revenue ETF by 359.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock valued at $38,000 after acquiring an additional 259 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Invesco S&P 500 Revenue ETF by 17.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock valued at $87,000 after acquiring an additional 115 shares during the period. Finally, Avion Wealth bought a new position in Invesco S&P 500 Revenue ETF during the fourth quarter worth $88,000.
Invesco S&P 500 Revenue ETF Stock Up 0.8%
Shares of NYSEARCA RWL opened at $130.20 on Friday. The firm has a market cap of $9.51 billion, a PE ratio of 18.14 and a beta of 0.85. The company’s fifty day simple moving average is $128.13 and its 200 day simple moving average is $122.25. Invesco S&P 500 Revenue ETF has a 12-month low of $101.80 and a 12-month high of $131.56.
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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