MOR Wealth Management LLC Makes New $658,000 Investment in Invesco S&P 500 Revenue ETF $RWL

MOR Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,746 shares of the company’s stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. increased 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 valued at $1,015,453,000 after buying an additional 999,935 shares in the last quarter. Allworth Financial LP grew its stake in shares of Invesco S&P 500 Revenue ETF by 1.5% in the third quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock worth $252,815,000 after acquiring an additional 32,997 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the third quarter valued at $251,111,000. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Revenue ETF by 9.1% in the 3rd quarter. Bank of America Corp DE now owns 2,193,550 shares of the company’s stock worth $242,738,000 after purchasing an additional 182,412 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Invesco S&P 500 Revenue ETF by 50.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,244,310 shares of the company’s stock worth $129,793,000 after purchasing an additional 416,582 shares in the last quarter.

Invesco S&P 500 Revenue ETF Stock Performance

NYSEARCA:RWL opened at $112.81 on Monday. The firm has a market cap of $7.38 billion, a P/E ratio of 18.14 and a beta of 0.92. Invesco S&P 500 Revenue ETF has a fifty-two week low of $86.97 and a fifty-two week high of $121.76. The firm has a 50-day simple moving average of $118.30 and a two-hundred day simple moving average of $114.79.

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.