Invesco S&P 500 Revenue ETF $RWL Position Cut by World Investment Advisors

World Investment Advisors trimmed its holdings in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,716 shares of the company’s stock after selling 5,514 shares during the quarter. World Investment Advisors’ holdings in Invesco S&P 500 Revenue ETF were worth $4,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kraft Davis & Associates LLC lifted its position in Invesco S&P 500 Revenue ETF by 6.7% in the fourth quarter. Kraft Davis & Associates LLC now owns 98,730 shares of the company’s stock worth $11,640,000 after purchasing an additional 6,235 shares during the period. Stratos Wealth Partners LTD. lifted its position in Invesco S&P 500 Revenue ETF by 9.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 138,880 shares of the company’s stock worth $15,902,000 after purchasing an additional 12,488 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Invesco S&P 500 Revenue ETF in the fourth quarter worth approximately $2,806,000. Truist Financial Corp lifted its position in Invesco S&P 500 Revenue ETF by 58.5% in the fourth quarter. Truist Financial Corp now owns 46,346 shares of the company’s stock worth $5,307,000 after purchasing an additional 17,113 shares during the period. Finally, AE Wealth Management LLC lifted its position in Invesco S&P 500 Revenue ETF by 10.7% in the fourth quarter. AE Wealth Management LLC now owns 43,769 shares of the company’s stock worth $5,012,000 after purchasing an additional 4,215 shares during the period.

Invesco S&P 500 Revenue ETF Price Performance

RWL opened at $127.03 on Friday. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. Invesco S&P 500 Revenue ETF has a 1-year low of $101.18 and a 1-year high of $128.42. The business has a 50 day moving average price of $122.13 and a two-hundred day moving average price of $118.60.

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.