Kinetic Wealth Investment Advisors LLC Buys Shares of 17,530 Invesco S&P 500 Revenue ETF $RWL

Kinetic Wealth Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,530 shares of the company’s stock, valued at approximately $2,240,000. Invesco S&P 500 Revenue ETF makes up 1.1% of Kinetic Wealth Investment Advisors LLC’s portfolio, making the stock its 18th largest position.

A number of other large investors have also recently made changes to their positions in RWL. Invesco Ltd. grew its position in shares of Invesco S&P 500 Revenue ETF by 12.2% in the third quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock valued at $1,015,453,000 after purchasing an additional 999,935 shares in the last quarter. LPL Financial LLC lifted its holdings in Invesco S&P 500 Revenue ETF by 16.8% during the 4th quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock worth $672,218,000 after purchasing an additional 843,089 shares in the last quarter. Morgan Stanley boosted its stake in Invesco S&P 500 Revenue ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 3,154,989 shares of the company’s stock worth $361,246,000 after purchasing an additional 72,972 shares during the period. Bank of America Corp DE boosted its stake in Invesco S&P 500 Revenue ETF by 0.3% in the 1st quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock worth $252,220,000 after purchasing an additional 5,552 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Invesco S&P 500 Revenue ETF by 71.6% during the first quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock valued at $194,277,000 after buying an additional 705,554 shares during the period.

Invesco S&P 500 Revenue ETF Stock Performance

Shares of Invesco S&P 500 Revenue ETF stock opened at $134.88 on Tuesday. The company’s 50-day moving average price is $132.34 and its 200-day moving average price is $125.61. Invesco S&P 500 Revenue ETF has a 12-month low of $107.88 and a 12-month high of $135.88. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85.

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.