Modern Wealth Management LLC Makes New $1.89 Million Investment in Invesco S&P 500 Revenue ETF $RWL

Modern Wealth Management LLC acquired a new stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) in the first quarter, Holdings Channel reports. The fund acquired 16,410 shares of the company’s stock, valued at approximately $1,891,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF during the fourth quarter worth approximately $26,000. SWAN Capital LLC acquired a new stake in Invesco S&P 500 Revenue ETF in the 4th quarter valued at $30,000. Aptus Capital Advisors LLC grew its position in Invesco S&P 500 Revenue ETF by 359.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock valued at $38,000 after purchasing an additional 259 shares during the period. PNC Financial Services Group Inc. increased its stake in 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 purchasing an additional 115 shares in the last quarter. Finally, Avion Wealth bought a new stake in Invesco S&P 500 Revenue ETF during the 4th quarter valued at $88,000.

Invesco S&P 500 Revenue ETF Trading Up 0.8%

RWL opened at $130.20 on Friday. The company’s fifty day moving average price is $128.13 and its two-hundred day moving average price is $122.25. 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 market cap of $9.51 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85.

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.