Thrivent Financial for Lutherans Makes New $2.81 Million Investment in Invesco S&P 500 Revenue ETF $RWL

Thrivent Financial for Lutherans acquired a new position in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,508 shares of the company’s stock, valued at approximately $2,806,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. increased its holdings in Invesco S&P 500 Revenue ETF by 12.2% during the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after purchasing an additional 999,935 shares during the last quarter. Allworth Financial LP increased its holdings in Invesco S&P 500 Revenue ETF by 1.5% during the 3rd quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock worth $252,815,000 after purchasing an additional 32,997 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P 500 Revenue ETF during the 3rd quarter worth approximately $251,111,000. Bank of America Corp DE increased its holdings in Invesco S&P 500 Revenue ETF by 9.1% during the 3rd quarter. Bank of America Corp DE now owns 2,193,550 shares of the company’s stock worth $242,738,000 after purchasing an additional 182,412 shares during the last quarter. Finally, Fusion Family Wealth LLC increased its holdings in Invesco S&P 500 Revenue ETF by 3.0% during the 4th quarter. Fusion Family Wealth LLC now owns 1,628,324 shares of the company’s stock worth $186,443,000 after purchasing an additional 46,696 shares during the last quarter.

Invesco S&P 500 Revenue ETF Price Performance

RWL stock opened at $126.33 on Monday. Invesco S&P 500 Revenue ETF has a 52-week low of $98.79 and a 52-week high of $126.56. The stock’s 50 day moving average is $119.83 and its two-hundred day moving average is $117.61. The company has a market capitalization of $8.94 billion, a PE 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.