AdvisorNet Financial Inc Makes New Investment in Invesco S&P 500 Revenue ETF $RWL

AdvisorNet Financial Inc acquired a new stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 45,284 shares of the company’s stock, valued at approximately $6,036,000.

Several other hedge funds have also added to or reduced their stakes in RWL. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the third quarter worth $34,000. CoreCap Advisors LLC increased its holdings in shares of Invesco S&P 500 Revenue ETF by 1,661.8% during the third quarter. CoreCap Advisors LLC now owns 599 shares of the company’s stock valued at $77,000 after acquiring an additional 565 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Invesco S&P 500 Revenue ETF by 100.6% during the first quarter. Assetmark Inc. now owns 953 shares of the company’s stock valued at $110,000 after acquiring an additional 478 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Invesco S&P 500 Revenue ETF by 102.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,541 shares of the company’s stock valued at $177,000 after acquiring an additional 781 shares in the last quarter. Finally, Zhang Financial LLC purchased a new position in shares of Invesco S&P 500 Revenue ETF in the 1st quarter worth about $200,000.

Invesco S&P 500 Revenue ETF Price Performance

RWL opened at $134.44 on Friday. The stock has a 50-day moving average price of $132.96 and a 200-day moving average price of $128.38. The firm has a market cap of $10.18 billion, a PE ratio of 18.14 and a beta of 0.86. Invesco S&P 500 Revenue ETF has a 1 year low of $109.26 and a 1 year high of $135.88.

Invesco S&P 500 Revenue ETF 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.