Invesco S&P 500 Revenue ETF $RWL is Scarborough Advisors LLC’s 5th Largest Position

Scarborough Advisors LLC grew its holdings in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 9.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 264,701 shares of the company’s stock after buying an additional 23,252 shares during the period. Invesco S&P 500 Revenue ETF accounts for 3.3% of Scarborough Advisors LLC’s portfolio, making the stock its 5th largest position. Scarborough Advisors LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $30,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kraft Davis & Associates LLC boosted its holdings in Invesco S&P 500 Revenue ETF by 6.7% during the 4th quarter. Kraft Davis & Associates LLC now owns 98,730 shares of the company’s stock valued at $11,640,000 after acquiring an additional 6,235 shares during the period. Truist Financial Corp grew its position in Invesco S&P 500 Revenue ETF by 58.5% in the 4th quarter. Truist Financial Corp now owns 46,346 shares of the company’s stock valued at $5,307,000 after acquiring an additional 17,113 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Invesco S&P 500 Revenue ETF by 9.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 138,880 shares of the company’s stock worth $15,902,000 after purchasing an additional 12,488 shares during the period. AE Wealth Management LLC increased its stake in Invesco S&P 500 Revenue ETF by 10.7% in the fourth quarter. AE Wealth Management LLC now owns 43,769 shares of the company’s stock worth $5,012,000 after purchasing an additional 4,215 shares during the period. Finally, Kozak & Associates Inc. lifted its position in shares of Invesco S&P 500 Revenue ETF by 0.8% during the fourth quarter. Kozak & Associates Inc. now owns 575,024 shares of the company’s stock worth $67,887,000 after purchasing an additional 4,391 shares during the last quarter.

Invesco S&P 500 Revenue ETF Stock Performance

Shares of RWL opened at $130.33 on Monday. The firm has a market capitalization of $9.51 billion, a P/E ratio of 18.14 and a beta of 0.85. Invesco S&P 500 Revenue ETF has a 12-month low of $101.80 and a 12-month high of $131.56. The firm has a fifty day moving average price of $127.61 and a 200-day moving average price of $121.77.

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.