Verdence Capital Advisors LLC Purchases New Stake in Invesco S&P 500 Revenue ETF $RWL

Verdence Capital Advisors LLC purchased a new stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 170,313 shares of the company’s stock, valued at approximately $21,916,000. Invesco S&P 500 Revenue ETF makes up approximately 0.9% of Verdence Capital Advisors LLC’s holdings, making the stock its 23rd largest position. Verdence Capital Advisors LLC owned approximately 0.22% of Invesco S&P 500 Revenue ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of RWL. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the 3rd quarter worth $284,703,000. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Revenue ETF by 0.3% during the first quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock worth $252,220,000 after purchasing an additional 5,552 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Invesco S&P 500 Revenue ETF by 71.6% during the first quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock valued at $194,277,000 after purchasing an additional 705,554 shares during the last quarter. Fusion Family Wealth LLC boosted its position in shares of Invesco S&P 500 Revenue ETF by 3.0% in the 1st quarter. Fusion Family Wealth LLC now owns 1,677,074 shares of the company’s stock valued at $192,713,000 after purchasing an additional 48,750 shares during the period. Finally, Cetera Investment Advisers increased its stake in Invesco S&P 500 Revenue ETF by 25.5% in the 1st quarter. Cetera Investment Advisers now owns 1,091,140 shares of the company’s stock worth $125,383,000 after purchasing an additional 221,983 shares in the last quarter.

Invesco S&P 500 Revenue ETF Trading Up 0.2%

NYSEARCA RWL opened at $134.69 on Tuesday. Invesco S&P 500 Revenue ETF has a 1 year low of $109.26 and a 1 year high of $135.88. The company has a market cap of $10.28 billion, a PE ratio of 18.14 and a beta of 0.86. The stock’s 50-day moving average price is $132.97 and its two-hundred day moving average price is $125.71.

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.