Kinetic Wealth Investment Advisors LLC Invests $2.24 Million in Invesco S&P 500 Revenue ETF $RWL

Kinetic Wealth Investment Advisors LLC bought a new stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,530 shares of the company’s stock, valued at approximately $2,240,000. Invesco S&P 500 Revenue ETF makes up approximately 1.1% of Kinetic Wealth Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds also recently modified their holdings of the company. Truist Financial Corp raised its position in Invesco S&P 500 Revenue ETF by 58.5% in the 4th quarter. Truist Financial Corp now owns 46,346 shares of the company’s stock valued at $5,307,000 after buying an additional 17,113 shares during the last quarter. Denver Wealth Management Inc. boosted its holdings in Invesco S&P 500 Revenue ETF by 3.5% during the 4th quarter. Denver Wealth Management Inc. now owns 159,604 shares of the company’s stock worth $18,275,000 after acquiring an additional 5,427 shares during the last quarter. Petix & Botte Co grew its stake in shares of Invesco S&P 500 Revenue ETF by 18.5% in the 4th quarter. Petix & Botte Co now owns 92,168 shares of the company’s stock worth $10,553,000 after acquiring an additional 14,358 shares in the last quarter. Fusion Family Wealth LLC raised its holdings in shares of Invesco S&P 500 Revenue ETF by 3.0% in the fourth quarter. Fusion Family Wealth LLC now owns 1,628,324 shares of the company’s stock valued at $186,443,000 after purchasing an additional 46,696 shares during the last quarter. Finally, Scarborough Advisors LLC raised its holdings in shares of Invesco S&P 500 Revenue ETF by 9.6% in the first quarter. Scarborough Advisors LLC now owns 264,701 shares of the company’s stock valued at $30,417,000 after purchasing an additional 23,252 shares during the last quarter.

Invesco S&P 500 Revenue ETF Stock Performance

NYSEARCA:RWL opened at $134.88 on Tuesday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85. Invesco S&P 500 Revenue ETF has a 52 week low of $107.88 and a 52 week high of $135.88. The firm has a 50-day moving average price of $132.34 and a two-hundred day moving average price of $125.61.

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.