Invesco S&P 500 Revenue ETF $RWL Shares Sold by Avestar Capital LLC

Avestar Capital LLC reduced its holdings in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 11.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 49,704 shares of the company’s stock after selling 6,585 shares during the period. Avestar Capital LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $6,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of RWL. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF in the third quarter valued at approximately $284,703,000. Bank of New York Mellon Corp raised its stake in Invesco S&P 500 Revenue ETF by 71.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock valued at $194,277,000 after purchasing an additional 705,554 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Invesco S&P 500 Revenue ETF by 25.5% in the 1st quarter. Cetera Investment Advisers now owns 1,091,140 shares of the company’s stock valued at $125,383,000 after purchasing an additional 221,983 shares during the period. Verdence Capital Advisors LLC bought a new stake in Invesco S&P 500 Revenue ETF in the 3rd quarter valued at $21,916,000. Finally, Prairie Advisory LLC boosted its holdings in Invesco S&P 500 Revenue ETF by 157.2% in the 3rd quarter. Prairie Advisory LLC now owns 257,396 shares of the company’s stock valued at $33,122,000 after purchasing an additional 157,312 shares during the period.

Invesco S&P 500 Revenue ETF Price Performance

NYSEARCA RWL opened at $134.71 on Friday. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. The company’s fifty day moving average is $132.99 and its two-hundred day moving average is $126.14. Invesco S&P 500 Revenue ETF has a 52-week low of $109.26 and a 52-week high of $135.88.

Invesco S&P 500 Revenue ETF 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.