Park Avenue Securities LLC Purchases New Stake in Invesco S&P 500 Revenue ETF $RWL

Park Avenue Securities LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) in the third quarter, HoldingsChannel.com reports. The fund acquired 5,802 shares of the company’s stock, valued at approximately $747,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF in the third quarter worth $284,703,000. Bank of New York Mellon Corp boosted 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 worth $194,277,000 after acquiring an additional 705,554 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco S&P 500 Revenue ETF by 25.5% during the first quarter. Cetera Investment Advisers now owns 1,091,140 shares of the company’s stock worth $125,383,000 after acquiring an additional 221,983 shares during the last quarter. Verdence Capital Advisors LLC purchased a new position in Invesco S&P 500 Revenue ETF during the third quarter valued at $21,916,000. Finally, Prairie Advisory LLC grew its stake in Invesco S&P 500 Revenue ETF by 157.2% during the third quarter. Prairie Advisory LLC now owns 257,396 shares of the company’s stock valued at $33,122,000 after acquiring an additional 157,312 shares in the last quarter.

Invesco S&P 500 Revenue ETF Stock Performance

Shares of NYSEARCA RWL opened at $137.73 on Thursday. The company has a market cap of $10.58 billion, a P/E ratio of 18.14 and a beta of 0.85. The firm’s fifty day moving average is $133.10 and its two-hundred day moving average is $126.40. Invesco S&P 500 Revenue ETF has a 52-week low of $109.26 and a 52-week high of $137.98.

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.