Invesco S&P 500 Revenue ETF $RWL Position Increased by LPL Financial LLC

LPL Financial LLC increased its stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,870,899 shares of the company’s stock after purchasing an additional 843,089 shares during the period. LPL Financial LLC owned 8.97% of Invesco S&P 500 Revenue ETF worth $672,218,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RWL. GoalVest Advisory LLC increased its holdings in shares of Invesco S&P 500 Revenue ETF by 355.1% in the 4th quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the 4th quarter worth about $26,000. Tortoise Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter worth about $39,000. PNC Financial Services Group Inc. increased its holdings in shares of Invesco S&P 500 Revenue ETF by 17.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock worth $87,000 after acquiring an additional 115 shares during the period. Finally, Avion Wealth acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the 4th quarter worth about $88,000.

Invesco S&P 500 Revenue ETF Price Performance

RWL stock opened at $127.03 on Monday. Invesco S&P 500 Revenue ETF has a fifty-two week low of $101.18 and a fifty-two week high of $128.42. The firm’s 50-day simple moving average is $122.13 and its 200 day simple moving average is $118.66. The stock has a market cap of $8.99 billion, a PE ratio of 18.14 and a beta of 0.86.

Invesco S&P 500 Revenue ETF 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.