Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 276,526 shares of the company’s stock after buying an additional 23,246 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Revenue ETF were worth $31,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. GoalVest Advisory LLC increased its holdings in shares of Invesco S&P 500 Revenue ETF by 355.1% in the 4th quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the period. Capital Investment Advisory Services LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at $26,000. Tortoise Investment Management LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter valued at $39,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 acquiring an additional 115 shares during the period. Finally, Avion Wealth acquired a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at $88,000.
Invesco S&P 500 Revenue ETF Price Performance
Shares of Invesco S&P 500 Revenue ETF stock opened at $127.25 on Monday. The firm’s fifty day simple moving average is $120.87 and its 200-day simple moving average is $118.13. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. Invesco S&P 500 Revenue ETF has a 12 month low of $99.65 and a 12 month high of $127.74.
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.
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