Commonwealth Financial Services LLC Makes New $19.51 Million Investment in Invesco S&P 500 Revenue ETF $RWL

Commonwealth Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 151,648 shares of the company’s stock, valued at approximately $19,514,000. Invesco S&P 500 Revenue ETF accounts for about 3.5% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 6th largest holding. Commonwealth Financial Services LLC owned about 0.20% of Invesco S&P 500 Revenue ETF at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RWL. Bank of New York Mellon Corp increased its stake in Invesco S&P 500 Revenue ETF by 71.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock worth $194,277,000 after buying an additional 705,554 shares in the last quarter. Cetera Investment Advisers lifted its stake in Invesco S&P 500 Revenue ETF by 25.5% in the 1st quarter. Cetera Investment Advisers now owns 1,091,140 shares of the company’s stock worth $125,383,000 after purchasing an additional 221,983 shares in the last quarter. Prairie Advisory LLC boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 157.2% during the 3rd quarter. Prairie Advisory LLC now owns 257,396 shares of the company’s stock valued at $33,122,000 after purchasing an additional 157,312 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Invesco S&P 500 Revenue ETF by 42.4% in the second quarter. Envestnet Asset Management Inc. now owns 423,720 shares of the company’s stock worth $54,134,000 after purchasing an additional 126,180 shares during the last quarter. Finally, CX Institutional boosted its stake in Invesco S&P 500 Revenue ETF by 108.1% during the third quarter. CX Institutional now owns 189,765 shares of the company’s stock valued at $24,419,000 after buying an additional 98,567 shares during the last quarter.

Invesco S&P 500 Revenue ETF Trading Up 0.6%

Shares of RWL stock traded up $0.78 on Tuesday, reaching $134.90. The company’s stock had a trading volume of 125,205 shares, compared to its average volume of 266,302. The stock’s fifty day simple moving average is $132.95 and its 200-day simple moving average is $128.66. Invesco S&P 500 Revenue ETF has a 1 year low of $109.26 and a 1 year high of $135.88. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86.

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.