Truist Financial Corp Grows Stock Position in Invesco S&P 500 Revenue ETF $RWL

Truist Financial Corp boosted its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 58.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 46,346 shares of the company’s stock after buying an additional 17,113 shares during the period. Truist Financial Corp owned approximately 0.07% of Invesco S&P 500 Revenue ETF worth $5,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in Invesco S&P 500 Revenue ETF by 12.2% during the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock valued at $1,015,453,000 after buying an additional 999,935 shares during the period. Allworth Financial LP lifted its position in shares of Invesco S&P 500 Revenue ETF by 1.5% during the third quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock worth $252,815,000 after purchasing an additional 32,997 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the third quarter worth $251,111,000. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Revenue ETF by 9.1% during the third quarter. Bank of America Corp DE now owns 2,193,550 shares of the company’s stock valued at $242,738,000 after purchasing an additional 182,412 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of Invesco S&P 500 Revenue ETF by 11.4% during the third quarter. Raymond James Financial Inc. now owns 756,020 shares of the company’s stock valued at $83,661,000 after purchasing an additional 77,617 shares during the period.

Invesco S&P 500 Revenue ETF Stock Performance

NYSEARCA RWL opened at $124.39 on Monday. The company’s 50-day moving average price is $118.60 and its 200-day moving average price is $116.61. The stock has a market cap of $8.81 billion, a PE ratio of 18.14 and a beta of 0.86. Invesco S&P 500 Revenue ETF has a 12 month low of $98.36 and a 12 month high of $124.53.

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.