Invesco S&P 500 Revenue ETF $RWL Shares Acquired by Meridian Financial Advisors LLC

Meridian Financial Advisors LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 36.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,803 shares of the company’s stock after purchasing an additional 6,364 shares during the quarter. Invesco S&P 500 Revenue ETF comprises approximately 1.5% of Meridian Financial Advisors LLC’s portfolio, making the stock its 16th biggest position. Meridian Financial Advisors LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $2,735,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Axxcess Wealth Management LLC grew its position in Invesco S&P 500 Revenue ETF by 1,242.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,338,780 shares of the company’s stock valued at $153,290,000 after buying an additional 1,239,026 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P 500 Revenue ETF by 468.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,441,023 shares of the company’s stock valued at $164,997,000 after buying an additional 1,187,743 shares during the period. Invesco Ltd. raised its position in Invesco S&P 500 Revenue ETF by 12.2% during the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after buying an additional 999,935 shares during the last quarter. LPL Financial LLC raised its position in Invesco S&P 500 Revenue ETF by 16.8% during the 4th quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock worth $672,218,000 after buying an additional 843,089 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter worth $54,706,000.

Invesco S&P 500 Revenue ETF Stock Performance

RWL stock opened at $127.82 on Friday. The stock has a market capitalization of $9.05 billion, a PE ratio of 18.14 and a beta of 0.86. The company has a fifty day moving average of $125.46 and a 200-day moving average of $120.18. Invesco S&P 500 Revenue ETF has a one year low of $101.80 and a one year 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.