Invesco S&P 500 Revenue ETF $RWL Stock: Avestar Capital LLC Cuts Stake

Avestar Capital LLC lowered its stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 11.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,704 shares of the company’s stock after selling 6,585 shares during the period. Avestar Capital LLC owned approximately 0.06% of Invesco S&P 500 Revenue ETF worth $6,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $34,000. Root Financial Partners LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the third quarter worth $64,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the third quarter worth $67,000. CoreCap Advisors LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF by 1,661.8% in the third quarter. CoreCap Advisors LLC now owns 599 shares of the company’s stock worth $77,000 after buying an additional 565 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Invesco S&P 500 Revenue ETF by 100.6% in the first quarter. Assetmark Inc. now owns 953 shares of the company’s stock worth $110,000 after buying an additional 478 shares during the last quarter.

Invesco S&P 500 Revenue ETF Trading Down 0.4%

NYSEARCA RWL opened at $134.71 on Friday. Invesco S&P 500 Revenue ETF has a 1 year low of $109.26 and a 1 year high of $135.88. The company has a fifty day simple moving average of $132.99 and a 200 day simple moving average of $126.14. The company has a market cap of $10.31 billion, a P/E ratio of 18.14 and a beta of 0.86.

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.