Kovack Advisors Inc. trimmed its position in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) by 9.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,261 shares of the company’s stock after selling 1,699 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Revenue ETF were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Flagstar Advisors Inc. purchased a new stake in Invesco S&P 500 Revenue ETF during the first quarter valued at $207,000. Private Trust Co. NA increased its position in shares of Invesco S&P 500 Revenue ETF by 12.2% during the 4th quarter. Private Trust Co. NA now owns 2,329 shares of the company’s stock valued at $199,000 after purchasing an additional 254 shares during the last quarter. Cedar Brook Financial Partners LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF during the 4th quarter valued at about $204,000. Fisher Asset Management LLC bought a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter worth approximately $211,000. Finally, Wealth Alliance purchased a new position in shares of Invesco S&P 500 Revenue ETF in the fourth quarter worth approximately $213,000.
Invesco S&P 500 Revenue ETF Stock Performance
Shares of NYSEARCA RWL opened at $92.76 on Friday. Invesco S&P 500 Revenue ETF has a 12-month low of $74.60 and a 12-month high of $93.98. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.52 and a beta of 0.73. The firm has a 50 day moving average of $92.09 and a 200 day moving average of $89.82.
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.
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