Ameriprise Financial Inc. Sells 39,495 Shares of Invesco S&P 500 Revenue ETF $RWL

Ameriprise Financial Inc. trimmed its position in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,644,674 shares of the company’s stock after selling 39,495 shares during the quarter. Ameriprise Financial Inc. owned about 5.92% of Invesco S&P 500 Revenue ETF worth $403,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RWL. Tortoise Investment Management LLC bought a new position in Invesco S&P 500 Revenue ETF during the third quarter valued at approximately $39,000. Root Financial Partners LLC bought a new stake in Invesco S&P 500 Revenue ETF in the 3rd quarter worth approximately $62,000. Beacon Capital Management Inc. bought a new stake in Invesco S&P 500 Revenue ETF in the 2nd quarter worth approximately $103,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF during the 3rd quarter worth approximately $115,000. Finally, US Bancorp DE raised its holdings in shares of Invesco S&P 500 Revenue ETF by 125.0% during the 3rd quarter. US Bancorp DE now owns 1,125 shares of the company’s stock worth $124,000 after acquiring an additional 625 shares in the last quarter.

Invesco S&P 500 Revenue ETF Stock Performance

NYSEARCA RWL opened at $116.77 on Tuesday. The stock has a 50 day moving average price of $118.84 and a 200-day moving average price of $114.37. Invesco S&P 500 Revenue ETF has a one year low of $86.97 and a one year high of $121.76. The company has a market capitalization of $7.64 billion, a P/E ratio of 18.14 and a beta of 0.92.

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.