Truist Financial Corp Increases Stake in Invesco S&P 500 Revenue ETF $RWL

Truist Financial Corp increased its position in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 58.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,346 shares of the company’s stock after buying an additional 17,113 shares during the period. Truist Financial Corp’s holdings in Invesco S&P 500 Revenue ETF were worth $5,307,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its position in Invesco S&P 500 Revenue ETF by 12.2% during the third quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock valued at $1,015,453,000 after purchasing an additional 999,935 shares in the last quarter. Allworth Financial LP boosted its position in 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 valued at $252,815,000 after purchasing an additional 32,997 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P 500 Revenue ETF during the third quarter valued at about $251,111,000. Bank of America Corp DE boosted its position in 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 in the last quarter. Finally, Raymond James Financial Inc. boosted its position in 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 in the last quarter.

Invesco S&P 500 Revenue ETF Price Performance

Shares of RWL stock opened at $124.39 on Monday. Invesco S&P 500 Revenue ETF has a 1-year low of $98.36 and a 1-year high of $124.53. The stock’s 50-day moving average is $118.60 and its 200 day moving average is $116.61. The company has a market cap of $8.81 billion, a P/E ratio of 18.14 and a beta of 0.86.

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.