Invesco S&P MidCap 400 Revenue ETF $RWK Shares Purchased by Independent Wealth Network Inc.

Independent Wealth Network Inc. raised its stake in shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) by 263.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,612 shares of the company’s stock after purchasing an additional 9,864 shares during the quarter. Independent Wealth Network Inc. owned about 0.15% of Invesco S&P MidCap 400 Revenue ETF worth $1,884,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter worth $1,331,000. RFG Advisory LLC purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the first quarter valued at $678,000. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 114.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 27,750 shares of the company’s stock valued at $3,559,000 after buying an additional 14,802 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 27.7% in the 1st quarter. Kestra Advisory Services LLC now owns 23,060 shares of the company’s stock valued at $2,958,000 after acquiring an additional 5,005 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 16.9% in the 1st quarter. Bank of America Corp DE now owns 326,143 shares of the company’s stock valued at $41,831,000 after acquiring an additional 47,267 shares during the period.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

Shares of NYSEARCA RWK traded down $0.26 during mid-day trading on Monday, hitting $142.28. The stock had a trading volume of 6,440 shares, compared to its average volume of 20,418. The firm has a market cap of $1.29 billion, a PE ratio of 14.05 and a beta of 1.07. The company has a 50 day moving average of $145.41 and a two-hundred day moving average of $143.19. Invesco S&P MidCap 400 Revenue ETF has a twelve month low of $118.54 and a twelve month high of $152.74.

Invesco S&P MidCap 400 Revenue ETF 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.