Royal Bank of Canada Lowers Position in Invesco S&P MidCap 400 Revenue ETF $RWK

Royal Bank of Canada trimmed its holdings in shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,381 shares of the company’s stock after selling 13,635 shares during the period. Royal Bank of Canada’s holdings in Invesco S&P MidCap 400 Revenue ETF were worth $6,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in RWK. Morgan Stanley raised its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 7.4% in the 4th quarter. Morgan Stanley now owns 938,017 shares of the company’s stock valued at $118,622,000 after purchasing an additional 64,763 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock worth $83,342,000 after purchasing an additional 538,536 shares during the period. LPL Financial LLC boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 3.1% during the fourth quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock valued at $76,324,000 after purchasing an additional 18,274 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% during the third quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock valued at $71,958,000 after purchasing an additional 472,081 shares in the last quarter. Finally, Fusion Family Wealth LLC boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 2.6% during the first quarter. Fusion Family Wealth LLC now owns 551,484 shares of the company’s stock valued at $70,733,000 after purchasing an additional 13,960 shares in the last quarter.

Invesco S&P MidCap 400 Revenue ETF Stock Up 0.4%

Shares of RWK stock opened at $151.45 on Wednesday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. Invesco S&P MidCap 400 Revenue ETF has a 52-week low of $118.54 and a 52-week high of $152.74. The company’s 50 day moving average is $146.54 and its 200 day moving average is $138.82.

Invesco S&P MidCap 400 Revenue ETF Company Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. 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.