Independent Wealth Network Inc. Invests $523,000 in Invesco S&P MidCap 400 Revenue ETF $RWK

Independent Wealth Network Inc. purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,079 shares of the company’s stock, valued at approximately $523,000.

Several other hedge funds have also added to or reduced their stakes in RWK. Morgan Stanley increased its position in Invesco S&P MidCap 400 Revenue ETF by 7.4% in the fourth quarter. Morgan Stanley now owns 938,017 shares of the company’s stock worth $118,622,000 after purchasing an additional 64,763 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 446.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock worth $83,342,000 after purchasing an additional 538,536 shares during the last quarter. LPL Financial LLC lifted its position in Invesco S&P MidCap 400 Revenue ETF by 3.1% during the 4th quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock valued at $76,324,000 after purchasing an additional 18,274 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco S&P MidCap 400 Revenue ETF by 455.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock valued at $71,958,000 after purchasing an additional 472,081 shares during the period. Finally, Vantagepoint Investment Advisers LLC boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 4.5% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 540,584 shares of the company’s stock valued at $68,362,000 after purchasing an additional 23,259 shares during the last quarter.

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

Shares of NYSEARCA RWK opened at $145.91 on Friday. Invesco S&P MidCap 400 Revenue ETF has a 1 year low of $115.34 and a 1 year high of $148.24. The firm’s 50-day moving average is $140.81 and its 200-day moving average is $134.73. The firm has a market capitalization of $1.27 billion, a PE ratio of 14.05 and a beta of 1.07.

About Invesco S&P MidCap 400 Revenue ETF

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.