Merit Financial Group LLC Sells 17,419 Shares of Invesco S&P 500 Revenue ETF $RWL

Merit Financial Group LLC lowered its holdings in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 9.6% in the second quarter, Holdings Channel reports. The firm owned 163,121 shares of the company’s stock after selling 17,419 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $17,012,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RWL. Invesco Ltd. lifted its stake in Invesco S&P 500 Revenue ETF by 540.3% in the first quarter. Invesco Ltd. now owns 7,845,673 shares of the company’s stock valued at $779,389,000 after acquiring an additional 6,620,373 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Invesco S&P 500 Revenue ETF by 30.4% during the 1st quarter. Ameriprise Financial Inc. now owns 4,214,182 shares of the company’s stock worth $418,802,000 after buying an additional 982,262 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF by 2.9% during the 1st quarter. LPL Financial LLC now owns 4,111,859 shares of the company’s stock worth $408,472,000 after buying an additional 114,112 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Invesco S&P 500 Revenue ETF by 0.3% during the 1st quarter. Allworth Financial LP now owns 2,211,381 shares of the company’s stock worth $213,553,000 after buying an additional 6,378 shares during the last quarter. Finally, Fusion Family Wealth LLC raised its stake in Invesco S&P 500 Revenue ETF by 7.0% in the 1st quarter. Fusion Family Wealth LLC now owns 1,570,573 shares of the company’s stock worth $156,021,000 after purchasing an additional 102,901 shares in the last quarter.

Invesco S&P 500 Revenue ETF Stock Up 0.4%

Shares of Invesco S&P 500 Revenue ETF stock opened at $111.19 on Friday. Invesco S&P 500 Revenue ETF has a twelve month low of $86.97 and a twelve month high of $111.78. The company has a 50-day simple moving average of $107.59 and a two-hundred day simple moving average of $102.68. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 18.14 and a beta of 0.98.

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.