Axxcess Wealth Management LLC Grows Stock Position in Invesco S&P 500 Revenue ETF $RWL

Axxcess Wealth Management LLC boosted its holdings in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 235.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 334,486 shares of the company’s stock after buying an additional 234,732 shares during the period. Axxcess Wealth Management LLC owned 0.51% of Invesco S&P 500 Revenue ETF worth $38,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Invesco S&P 500 Revenue ETF by 12.2% during the third quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after purchasing an additional 999,935 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 16.8% in the 4th quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock valued at $672,218,000 after purchasing an additional 843,089 shares during the last quarter. Morgan Stanley grew its stake in shares of Invesco S&P 500 Revenue ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 3,154,989 shares of the company’s stock valued at $361,246,000 after buying an additional 72,972 shares during the period. Allworth Financial LP grew its stake in shares of Invesco S&P 500 Revenue ETF by 1.5% during the 3rd quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock valued at $252,815,000 after buying an additional 32,997 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Revenue ETF by 9.1% during the 3rd quarter. Bank of America Corp DE now owns 2,193,550 shares of the company’s stock valued at $242,738,000 after buying an additional 182,412 shares during the period.

Invesco S&P 500 Revenue ETF Stock Down 0.0%

RWL stock opened at $127.31 on Friday. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. The business has a fifty day simple moving average of $124.49 and a 200-day simple moving average of $119.66. Invesco S&P 500 Revenue ETF has a 52 week low of $101.18 and a 52 week high of $130.00.

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.