Meridian Financial Advisors LLC Invests $1 Million in Invesco S&P 500 Revenue ETF $RWL

Meridian Financial Advisors LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 9,066 shares of the company’s stock, valued at approximately $1,003,000.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. increased its stake in Invesco S&P 500 Revenue ETF by 4.2% during the second quarter. Invesco Ltd. now owns 8,176,399 shares of the company’s stock worth $852,717,000 after acquiring an additional 330,726 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 1.8% in the 2nd quarter. Allworth Financial LP now owns 2,251,612 shares of the company’s stock worth $234,821,000 after purchasing an additional 40,231 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 2,011,138 shares of the company’s stock worth $209,742,000 after purchasing an additional 18,686 shares during the period. Fusion Family Wealth LLC increased its position in shares of Invesco S&P 500 Revenue ETF by 0.6% during the 2nd quarter. Fusion Family Wealth LLC now owns 1,579,615 shares of the company’s stock valued at $164,738,000 after purchasing an additional 9,042 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Invesco S&P 500 Revenue ETF by 50.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,244,310 shares of the company’s stock valued at $129,793,000 after buying an additional 416,582 shares during the period.

Invesco S&P 500 Revenue ETF Stock Down 0.0%

Shares of RWL opened at $115.34 on Wednesday. The business has a fifty day moving average of $113.29 and a 200 day moving average of $109.11. The company has a market cap of $7.10 billion, a PE ratio of 18.14 and a beta of 0.92. Invesco S&P 500 Revenue ETF has a 52-week low of $86.97 and a 52-week high of $116.35.

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.