PAX Financial Group LLC Invests $3.85 Million in Invesco S&P 500 Revenue ETF $RWL

PAX Financial Group LLC acquired a new stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 33,505 shares of the company’s stock, valued at approximately $3,850,000.

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

Invesco S&P 500 Revenue ETF Stock Performance

RWL opened at $129.42 on Friday. Invesco S&P 500 Revenue ETF has a 52-week low of $101.80 and a 52-week high of $130.00. The stock has a market capitalization of $9.35 billion, a PE ratio of 18.14 and a beta of 0.85. The stock’s 50 day moving average price is $126.18 and its 200-day moving average price is $120.66.

Invesco S&P 500 Revenue ETF Company 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.