Invesco S&P 500 Revenue ETF $RWL Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 276,526 shares of the company’s stock after purchasing an additional 23,246 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.42% of Invesco S&P 500 Revenue ETF worth $31,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GoalVest Advisory LLC raised its holdings in 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 purchasing an additional 174 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in Invesco S&P 500 Revenue ETF during the fourth quarter worth approximately $26,000. Tortoise Investment Management LLC acquired a new stake in Invesco S&P 500 Revenue ETF during the third quarter worth approximately $39,000. PNC Financial Services Group Inc. raised its holdings 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 worth $87,000 after purchasing an additional 115 shares in the last quarter. Finally, Avion Wealth acquired a new stake in Invesco S&P 500 Revenue ETF during the fourth quarter worth approximately $88,000.

Invesco S&P 500 Revenue ETF Stock Performance

RWL stock opened at $127.25 on Monday. Invesco S&P 500 Revenue ETF has a twelve month low of $99.65 and a twelve month high of $127.74. The company’s 50 day moving average is $120.87 and its two-hundred day moving average is $118.13. The stock has a market cap of $9.01 billion, a P/E ratio of 18.14 and a beta of 0.86.

Invesco S&P 500 Revenue ETF 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.