Investment Planning Advisors Inc. Has $28 Million Stock Position in Invesco S&P 500 Revenue ETF $RWL

Investment Planning Advisors Inc. lifted its stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 46.9% in the 1st quarter, HoldingsChannel reports. The firm owned 243,712 shares of the company’s stock after acquiring an additional 77,853 shares during the period. Invesco S&P 500 Revenue ETF makes up 7.7% of Investment Planning Advisors Inc.’s portfolio, making the stock its 4th largest holding. Investment Planning Advisors Inc.’s holdings in Invesco S&P 500 Revenue ETF were worth $28,005,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RWL. Kraft Davis & Associates LLC increased its position in Invesco S&P 500 Revenue ETF by 6.7% in the fourth quarter. Kraft Davis & Associates LLC now owns 98,730 shares of the company’s stock worth $11,640,000 after buying an additional 6,235 shares in the last quarter. Truist Financial Corp grew its stake in shares of Invesco S&P 500 Revenue ETF by 58.5% during the 4th quarter. Truist Financial Corp now owns 46,346 shares of the company’s stock valued at $5,307,000 after acquiring an additional 17,113 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Invesco S&P 500 Revenue ETF by 9.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 138,880 shares of the company’s stock worth $15,902,000 after acquiring an additional 12,488 shares in the last quarter. AE Wealth Management LLC raised its stake in Invesco S&P 500 Revenue ETF by 10.7% during the 4th quarter. AE Wealth Management LLC now owns 43,769 shares of the company’s stock worth $5,012,000 after acquiring an additional 4,215 shares during the period. Finally, Kozak & Associates Inc. raised its position in shares of Invesco S&P 500 Revenue ETF by 0.8% during the 4th quarter. Kozak & Associates Inc. now owns 575,024 shares of the company’s stock valued at $67,887,000 after purchasing an additional 4,391 shares during the period.

Invesco S&P 500 Revenue ETF Stock Performance

Shares of RWL opened at $127.98 on Tuesday. Invesco S&P 500 Revenue ETF has a fifty-two week low of $101.80 and a fifty-two week high of $130.00. The company’s fifty day moving average is $125.61 and its 200 day moving average is $120.32. The stock has a market capitalization of $9.06 billion, a PE 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.