Bank of New York Mellon Corp lifted its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) by 71.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,690,687 shares of the company’s stock after purchasing an additional 705,554 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco S&P 500 Revenue ETF were worth $194,277,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of RWL. GoalVest Advisory LLC raised its stake in Invesco S&P 500 Revenue ETF by 355.1% in the fourth quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in Invesco S&P 500 Revenue ETF during the fourth quarter worth about $26,000. SWAN Capital LLC acquired a new stake in Invesco S&P 500 Revenue ETF during the fourth quarter worth about $30,000. Aptus Capital Advisors LLC grew its stake 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 worth $38,000 after buying an additional 259 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Invesco S&P 500 Revenue ETF by 17.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock valued at $87,000 after buying an additional 115 shares during the period.
Invesco S&P 500 Revenue ETF Stock Down 0.5%
RWL stock opened at $130.33 on Friday. The company’s 50-day moving average price is $127.61 and its two-hundred day moving average price is $121.72. The firm has a market cap of $9.51 billion, a P/E ratio of 18.14 and a beta of 0.85. Invesco S&P 500 Revenue ETF has a 12 month low of $101.80 and a 12 month high of $131.56.
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.
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