Asset Allocation Strategies LLC Has $27.01 Million Position in Invesco S&P 500 Revenue ETF $RWL

Asset Allocation Strategies LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 69.8% in the 4th quarter, Holdings Channel reports. The fund owned 235,917 shares of the company’s stock after acquiring an additional 96,984 shares during the quarter. Invesco S&P 500 Revenue ETF accounts for approximately 5.2% of Asset Allocation Strategies LLC’s investment portfolio, making the stock its biggest position. Asset Allocation Strategies LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $27,012,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RWL. GoalVest Advisory LLC increased its position 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 worth $26,000 after acquiring an additional 174 shares in 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 worth $26,000. SWAN Capital LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the fourth quarter worth $30,000. Tortoise Investment Management LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the third quarter worth $39,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Invesco S&P 500 Revenue ETF by 17.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock worth $87,000 after acquiring an additional 115 shares in the last quarter.

Invesco S&P 500 Revenue ETF Stock Up 0.8%

Shares of RWL stock opened at $128.91 on Friday. The firm has a fifty day moving average of $123.49 and a 200-day moving average of $119.20. Invesco S&P 500 Revenue ETF has a 12-month low of $101.18 and a 12-month high of $129.10. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86.

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.