Kingsview Wealth Management LLC Cuts Stock Holdings in Invesco S&P 500 Revenue ETF $RWL

Kingsview Wealth Management LLC lessened its stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 57.2% during the third quarter, Holdings Channel reports. The firm owned 21,819 shares of the company’s stock after selling 29,144 shares during the period. Kingsview Wealth Management LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $2,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in Invesco S&P 500 Revenue ETF during the third quarter valued at about $1,452,000. Fifth Third Securities Inc. lifted its stake in shares of Invesco S&P 500 Revenue ETF by 62.0% in the 3rd quarter. Fifth Third Securities Inc. now owns 15,018 shares of the company’s stock valued at $1,662,000 after purchasing an additional 5,749 shares in the last quarter. Asset Allocation Strategies LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF by 112.9% in the 3rd quarter. Asset Allocation Strategies LLC now owns 138,933 shares of the company’s stock valued at $15,374,000 after purchasing an additional 73,684 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Invesco S&P 500 Revenue ETF by 18.2% during the 2nd quarter. Avestar Capital LLC now owns 52,494 shares of the company’s stock worth $5,475,000 after purchasing an additional 8,092 shares during the period. Finally, Brookstone Capital Management increased its position in Invesco S&P 500 Revenue ETF by 26.7% during the 3rd quarter. Brookstone Capital Management now owns 131,974 shares of the company’s stock worth $14,604,000 after purchasing an additional 27,818 shares in the last quarter.

Invesco S&P 500 Revenue ETF Stock Performance

NYSEARCA RWL opened at $120.35 on Thursday. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 18.14 and a beta of 0.92. Invesco S&P 500 Revenue ETF has a one year low of $86.97 and a one year high of $121.76. The company’s 50 day moving average price is $118.52 and its 200 day moving average price is $113.77.

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.