Investment Planning Advisors Inc. Has $28 Million Stock Holdings in Invesco S&P 500 Revenue ETF $RWL

Investment Planning Advisors Inc. raised its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 46.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 243,712 shares of the company’s stock after buying an additional 77,853 shares during the period. Invesco S&P 500 Revenue ETF comprises approximately 7.7% of Investment Planning Advisors Inc.’s holdings, making the stock its 4th largest position. Investment Planning Advisors Inc. owned approximately 0.34% of Invesco S&P 500 Revenue ETF worth $28,005,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Revenue ETF Stock Up 0.1%

Shares of NYSEARCA:RWL opened at $127.98 on Tuesday. The stock has a market capitalization of $9.06 billion, a PE ratio of 18.14 and a beta of 0.86. The firm’s 50 day moving average price is $125.61 and its 200-day moving average price is $120.32. Invesco S&P 500 Revenue ETF has a twelve month low of $101.80 and a twelve month high of $130.00.

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.