Fifth Third Securities Inc. acquired a new stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) in the third quarter, HoldingsChannel reports. The firm acquired 14,240 shares of the company’s stock, valued at approximately $1,832,000.
Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Invesco S&P 500 Revenue ETF by 0.3% during the 1st quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock worth $252,220,000 after acquiring an additional 5,552 shares during the last quarter. Bank of New York Mellon Corp increased its position in Invesco S&P 500 Revenue ETF by 71.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock valued at $194,277,000 after acquiring an additional 705,554 shares during the period. Fusion Family Wealth LLC raised its stake in shares of Invesco S&P 500 Revenue ETF by 3.0% during the first quarter. Fusion Family Wealth LLC now owns 1,677,074 shares of the company’s stock valued at $192,713,000 after acquiring an additional 48,750 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Invesco S&P 500 Revenue ETF by 25.5% during the first quarter. Cetera Investment Advisers now owns 1,091,140 shares of the company’s stock valued at $125,383,000 after acquiring an additional 221,983 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P 500 Revenue ETF by 42.4% during the second quarter. Envestnet Asset Management Inc. now owns 423,720 shares of the company’s stock valued at $54,134,000 after acquiring an additional 126,180 shares during the last quarter.
Invesco S&P 500 Revenue ETF Stock Performance
Shares of NYSEARCA:RWL opened at $135.24 on Thursday. The firm has a market cap of $10.24 billion, a PE ratio of 18.14 and a beta of 0.86. The firm’s fifty day moving average is $132.97 and its 200-day moving average is $128.94. Invesco S&P 500 Revenue ETF has a 52 week low of $109.26 and a 52 week high of $135.88.
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.
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