Kraft Davis & Associates LLC Increases Stake in Invesco S&P 500 Revenue ETF $RWL

Kraft Davis & Associates LLC grew its holdings in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 5.1% during the 2nd quarter, Holdings Channel reports. The fund owned 89,476 shares of the company’s stock after buying an additional 4,326 shares during the period. Invesco S&P 500 Revenue ETF comprises 2.4% of Kraft Davis & Associates LLC’s portfolio, making the stock its 13th biggest holding. Kraft Davis & Associates LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $11,572,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Revenue ETF Stock Up 0.5%

Shares of RWL opened at $134.76 on Tuesday. The business has a 50-day simple moving average of $129.60 and a two-hundred day simple moving average of $123.45. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85. Invesco S&P 500 Revenue ETF has a 52 week low of $104.11 and a 52 week high of $134.79.

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.