Invesco S&P 500 Revenue ETF $RWL Stake Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 468.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,441,023 shares of the company’s stock after purchasing an additional 1,187,743 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Revenue ETF were worth $164,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GoalVest Advisory LLC raised its holdings in shares of Invesco S&P 500 Revenue ETF by 355.1% during the fourth quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the fourth quarter valued at approximately $26,000. Tortoise Investment Management LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $39,000. Root Financial Partners LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $62,000. Finally, Avion Wealth bought a new stake in shares of Invesco S&P 500 Revenue ETF during the fourth quarter valued at approximately $88,000.

Invesco S&P 500 Revenue ETF Price Performance

Shares of NYSEARCA:RWL opened at $124.41 on Friday. Invesco S&P 500 Revenue ETF has a 12 month low of $98.79 and a 12 month high of $125.92. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. The stock’s 50 day moving average price is $119.10 and its 200 day moving average price is $117.12.

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.