Commonwealth Equity Services LLC Lowers Stock Holdings in Invesco S&P 500 Revenue ETF $RWL

Commonwealth Equity Services LLC cut its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 13.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 763,574 shares of the company’s stock after selling 117,916 shares during the period. Commonwealth Equity Services LLC owned approximately 1.25% of Invesco S&P 500 Revenue ETF worth $84,497,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JNBA Financial Advisors acquired a new position in shares of Invesco S&P 500 Revenue ETF in the second quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC grew its position in Invesco S&P 500 Revenue ETF by 40.9% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 341 shares of the company’s stock valued at $36,000 after buying an additional 99 shares during the last quarter. Thompson Investment Management Inc. acquired a new position in Invesco S&P 500 Revenue ETF in the 2nd quarter valued at $52,000. Beacon Capital Management Inc. purchased a new position in Invesco S&P 500 Revenue ETF during the 2nd quarter worth $103,000. Finally, Atlas Brown Inc. acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter worth $205,000.

Invesco S&P 500 Revenue ETF Stock Up 1.1%

Shares of NYSEARCA:RWL opened at $116.60 on Tuesday. Invesco S&P 500 Revenue ETF has a fifty-two week low of $86.97 and a fifty-two week high of $116.94. The firm’s 50-day simple moving average is $113.52 and its 200-day simple moving average is $109.48. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 18.14 and a beta of 0.92.

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.