Kovack Advisors Inc. Sells 12,424 Shares of Invesco S&P 500 Revenue ETF $RWL

Kovack Advisors Inc. cut its holdings in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 74.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,229 shares of the company’s stock after selling 12,424 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Revenue ETF were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new stake in Invesco S&P 500 Revenue ETF in the 3rd quarter worth $1,452,000. Fifth Third Securities Inc. boosted its holdings in shares of Invesco S&P 500 Revenue ETF by 62.0% during the third quarter. Fifth Third Securities Inc. now owns 15,018 shares of the company’s stock worth $1,662,000 after purchasing an additional 5,749 shares during the period. Asset Allocation Strategies LLC grew its stake in shares of Invesco S&P 500 Revenue ETF by 112.9% in the third quarter. Asset Allocation Strategies LLC now owns 138,933 shares of the company’s stock worth $15,374,000 after purchasing an additional 73,684 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Invesco S&P 500 Revenue ETF by 26.7% in the third quarter. Brookstone Capital Management now owns 131,974 shares of the company’s stock worth $14,604,000 after purchasing an additional 27,818 shares during the last quarter. Finally, Avestar Capital LLC increased its holdings in Invesco S&P 500 Revenue ETF by 18.2% during the 2nd quarter. Avestar Capital LLC now owns 52,494 shares of the company’s stock valued at $5,475,000 after purchasing an additional 8,092 shares during the period.

Invesco S&P 500 Revenue ETF Price Performance

RWL opened at $120.65 on Friday. Invesco S&P 500 Revenue ETF has a one year low of $86.97 and a one year high of $121.76. The business has a 50 day simple moving average of $117.64 and a two-hundred day simple moving average of $112.91. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 18.14 and a beta of 0.92.

About Invesco S&P 500 Revenue ETF

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.