Kozak & Associates Inc. Sells 7,787 Shares of Invesco S&P 500 Revenue ETF $RWL

Kozak & Associates Inc. cut its stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 570,633 shares of the company’s stock after selling 7,787 shares during the period. Invesco S&P 500 Revenue ETF accounts for 12.1% of Kozak & Associates Inc.’s portfolio, making the stock its 2nd biggest position. Kozak & Associates Inc.’s holdings in Invesco S&P 500 Revenue ETF were worth $63,346,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Revenue ETF Trading Up 0.2%

Shares of RWL opened at $117.05 on Wednesday. The stock has a market capitalization of $7.66 billion, a P/E ratio of 18.14 and a beta of 0.92. The firm’s fifty day simple moving average is $118.83 and its two-hundred day simple moving average is $114.44. Invesco S&P 500 Revenue ETF has a 12 month low of $86.97 and a 12 month high of $121.76.

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.