Merit Financial Group LLC Has $20.07 Million Position in Invesco S&P 500 Revenue ETF $RWL

Merit Financial Group LLC lifted its position in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 175,248 shares of the company’s stock after purchasing an additional 7,158 shares during the period. Merit Financial Group LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $20,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GoalVest Advisory LLC grew 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 valued at $26,000 after purchasing an additional 174 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in Invesco S&P 500 Revenue ETF in the fourth quarter worth $26,000. Tortoise Investment Management LLC acquired a new stake in Invesco S&P 500 Revenue ETF in the third quarter worth $39,000. Root Financial Partners LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the third quarter worth $62,000. Finally, Avion Wealth bought a new position in shares of Invesco S&P 500 Revenue ETF during the fourth quarter worth $88,000.

Invesco S&P 500 Revenue ETF Stock Up 0.6%

Shares of RWL stock opened at $120.61 on Friday. Invesco S&P 500 Revenue ETF has a 12-month low of $91.03 and a 12-month high of $121.76. The firm has a fifty day moving average of $118.05 and a 200-day moving average of $115.44. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 18.14 and a beta of 0.87.

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.