Absolute Capital Management LLC Has $9.39 Million Stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)

Absolute Capital Management LLC lifted its holdings in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 38.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,998 shares of the company’s stock after acquiring an additional 30,781 shares during the period. Invesco S&P 500 Revenue ETF makes up approximately 8.5% of Absolute Capital Management LLC’s portfolio, making the stock its biggest position. Absolute Capital Management LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $9,387,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Kovack Advisors Inc. bought a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter worth about $1,618,000. Western Wealth Management LLC grew its stake in shares of Invesco S&P 500 Revenue ETF by 2.5% in the 4th quarter. Western Wealth Management LLC now owns 60,033 shares of the company’s stock valued at $5,123,000 after buying an additional 1,483 shares during the period. Wealth Alliance acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at about $213,000. Consolidated Portfolio Review Corp grew its stake in shares of Invesco S&P 500 Revenue ETF by 0.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 26,674 shares of the company’s stock valued at $2,276,000 after buying an additional 164 shares during the period. Finally, Klingman & Associates LLC grew its stake in shares of Invesco S&P 500 Revenue ETF by 11.3% in the 4th quarter. Klingman & Associates LLC now owns 234,515 shares of the company’s stock valued at $20,014,000 after buying an additional 23,845 shares during the period.

Invesco S&P 500 Revenue ETF Price Performance

Shares of RWL opened at $91.07 on Friday. The stock has a 50-day moving average of $91.07 and a 200-day moving average of $85.64. The company has a market cap of $2.98 billion, a PE ratio of 18.08 and a beta of 0.76. Invesco S&P 500 Revenue ETF has a one year low of $74.08 and a one year high of $93.98.

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.