Cetera Investment Advisers Increases Position in Invesco S&P 500 Revenue ETF $RWL

Cetera Investment Advisers lifted its holdings in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 25.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,091,140 shares of the company’s stock after buying an additional 221,983 shares during the quarter. Cetera Investment Advisers’ holdings in Invesco S&P 500 Revenue ETF were worth $125,383,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RWL. PNC Financial Services Group Inc. increased its position in Invesco S&P 500 Revenue ETF by 102.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,541 shares of the company’s stock valued at $177,000 after acquiring an additional 781 shares during the period. Scarborough Advisors LLC lifted its position in Invesco S&P 500 Revenue ETF by 9.6% during the 1st quarter. Scarborough Advisors LLC now owns 264,701 shares of the company’s stock worth $30,417,000 after acquiring an additional 23,252 shares during the period. Zhang Financial LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF in the 1st quarter valued at approximately $200,000. Assetmark Inc. grew its stake in shares of Invesco S&P 500 Revenue ETF by 100.6% in the 1st quarter. Assetmark Inc. now owns 953 shares of the company’s stock valued at $110,000 after purchasing an additional 478 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF in the 1st quarter valued at approximately $3,350,000.

Invesco S&P 500 Revenue ETF Trading Down 0.9%

NYSEARCA:RWL opened at $129.16 on Friday. Invesco S&P 500 Revenue ETF has a 12-month low of $101.80 and a 12-month high of $131.56. The stock’s 50 day simple moving average is $128.01 and its 200-day simple moving average is $122.19. The firm has a market cap of $9.44 billion, a P/E ratio of 18.14 and a beta of 0.85.

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.