Absolute Capital Management LLC Reduces Position in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)

Absolute Capital Management LLC lessened its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 35.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,800 shares of the company’s stock after selling 16,870 shares during the period. Invesco S&P 500 Revenue ETF makes up about 1.7% of Absolute Capital Management LLC’s portfolio, making the stock its 16th biggest position. Absolute Capital Management LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $30,000. Abound Wealth Management purchased a new stake in Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $37,000. Glass Jacobson Investment Advisors llc grew its position in Invesco S&P 500 Revenue ETF by 59.4% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,111 shares of the company’s stock worth $109,000 after purchasing an additional 414 shares during the last quarter. Valmark Advisers Inc. purchased a new stake in Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $201,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $207,000.

Invesco S&P 500 Revenue ETF Trading Down 0.1 %

NYSEARCA:RWL opened at $99.99 on Friday. Invesco S&P 500 Revenue ETF has a twelve month low of $89.14 and a twelve month high of $104.39. The company’s 50 day moving average is $101.50 and its two-hundred day moving average is $100.09. The company has a market cap of $5.07 billion, a PE ratio of 18.80 and a beta of 0.97.

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.