Independent Wealth Network Inc. Purchases 9,864 Shares of Invesco S&P MidCap 400 Revenue ETF $RWK

Independent Wealth Network Inc. boosted its position in Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) by 263.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,612 shares of the company’s stock after purchasing an additional 9,864 shares during the period. Independent Wealth Network Inc.’s holdings in Invesco S&P MidCap 400 Revenue ETF were worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of RWK. First Financial Corp IN purchased a new position in Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter worth approximately $223,000. Sound Income Strategies LLC acquired a new stake in Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter valued at approximately $14,963,000. Envestnet Asset Management Inc. lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,677 shares of the company’s stock valued at $4,487,000 after acquiring an additional 684 shares during the period. NewEdge Advisors LLC lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 5.1% during the 2nd quarter. NewEdge Advisors LLC now owns 8,967 shares of the company’s stock valued at $1,312,000 after acquiring an additional 437 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF in the 2nd quarter valued at $135,000.

Invesco S&P MidCap 400 Revenue ETF Trading Down 0.2%

Shares of RWK stock traded down $0.26 during trading hours on Monday, hitting $142.28. The company’s stock had a trading volume of 6,440 shares, compared to its average volume of 20,418. The stock has a market cap of $1.29 billion, a PE ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a 12-month low of $118.54 and a 12-month high of $152.74. The company has a 50 day moving average of $145.41 and a 200 day moving average of $143.19.

Invesco S&P MidCap 400 Revenue ETF Company Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. 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.