Kovack Advisors Inc. Cuts Stake in Invesco S&P 500 Revenue ETF $RWL

Kovack Advisors Inc. lowered its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 74.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,229 shares of the company’s stock after selling 12,424 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Revenue ETF were worth $468,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RWL. Invesco Ltd. boosted its stake in Invesco S&P 500 Revenue ETF by 4.2% in the second quarter. Invesco Ltd. now owns 8,176,399 shares of the company’s stock valued at $852,717,000 after acquiring an additional 330,726 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter worth approximately $251,111,000. Allworth Financial LP lifted its stake in Invesco S&P 500 Revenue ETF by 1.8% in the second quarter. Allworth Financial LP now owns 2,251,612 shares of the company’s stock valued at $234,821,000 after purchasing an additional 40,231 shares during the last quarter. Bank of America Corp DE grew its holdings in Invesco S&P 500 Revenue ETF by 0.9% during the second quarter. Bank of America Corp DE now owns 2,011,138 shares of the company’s stock valued at $209,742,000 after purchasing an additional 18,686 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Invesco S&P 500 Revenue ETF by 50.3% during the second quarter. Osaic Holdings Inc. now owns 1,244,310 shares of the company’s stock valued at $129,793,000 after purchasing an additional 416,582 shares during the period.

Invesco S&P 500 Revenue ETF Price Performance

NYSEARCA:RWL opened at $120.65 on Friday. The company has a market capitalization of $7.90 billion, a P/E ratio of 18.14 and a beta of 0.92. The business has a fifty day simple moving average of $117.64 and a two-hundred day simple moving average of $112.91. Invesco S&P 500 Revenue ETF has a 1 year low of $86.97 and a 1 year high of $121.76.

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.