Elevation Point Wealth Partners LLC Takes $3.55 Million Position in Invesco S&P 500 Revenue ETF $RWL

Elevation Point Wealth Partners LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 32,097 shares of the company’s stock, valued at approximately $3,552,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE increased its position in Invesco S&P 500 Revenue ETF by 9.1% during the third quarter. Bank of America Corp DE now owns 2,193,550 shares of the company’s stock worth $242,738,000 after buying an additional 182,412 shares during the last quarter. Creative Planning boosted its stake in shares of Invesco S&P 500 Revenue ETF by 19.9% during the 3rd quarter. Creative Planning now owns 8,291 shares of the company’s stock worth $918,000 after acquiring an additional 1,376 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Invesco S&P 500 Revenue ETF by 11.4% during the 3rd quarter. Raymond James Financial Inc. now owns 756,020 shares of the company’s stock worth $83,661,000 after acquiring an additional 77,617 shares during the period. Equitable Holdings Inc. increased its holdings in shares of Invesco S&P 500 Revenue ETF by 2.6% during the 3rd quarter. Equitable Holdings Inc. now owns 312,111 shares of the company’s stock worth $34,538,000 after acquiring an additional 7,890 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Invesco S&P 500 Revenue ETF in the 3rd quarter valued at $652,000.

Invesco S&P 500 Revenue ETF Price Performance

Shares of Invesco S&P 500 Revenue ETF stock opened at $116.02 on Friday. The business has a fifty day simple moving average of $118.84 and a two-hundred day simple moving average of $114.27. Invesco S&P 500 Revenue ETF has a 1 year low of $86.97 and a 1 year high of $121.76. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 18.14 and a beta of 0.92.

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.