Modern Wealth Management LLC Sells 574 Shares of Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ)

Modern Wealth Management LLC cut its holdings in Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) by 6.5% during the 4th quarter, Holdings Channel reports. The fund owned 8,243 shares of the company’s stock after selling 574 shares during the period. Modern Wealth Management LLC’s holdings in Invesco S&P SmallCap 600 Revenue ETF were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of RWJ. LPL Financial LLC lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 6.6% during the 4th quarter. LPL Financial LLC now owns 3,102,472 shares of the company’s stock valued at $141,969,000 after buying an additional 192,734 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap 600 Revenue ETF during the fourth quarter valued at approximately $68,129,000. Fusion Family Wealth LLC boosted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 2.5% in the fourth quarter. Fusion Family Wealth LLC now owns 1,364,167 shares of the company’s stock worth $62,424,000 after purchasing an additional 33,471 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 8.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 701,574 shares of the company’s stock worth $32,104,000 after purchasing an additional 56,743 shares in the last quarter. Finally, Consolidated Planning Corp raised its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the 4th quarter. Consolidated Planning Corp now owns 329,438 shares of the company’s stock valued at $15,075,000 after purchasing an additional 56,732 shares during the period.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

Shares of Invesco S&P SmallCap 600 Revenue ETF stock opened at $41.66 on Friday. Invesco S&P SmallCap 600 Revenue ETF has a fifty-two week low of $39.08 and a fifty-two week high of $49.92. The company has a market capitalization of $1.63 billion, a P/E ratio of 12.35 and a beta of 1.28. The company has a fifty day moving average of $44.71 and a 200 day moving average of $45.67.

Invesco S&P SmallCap 600 Revenue ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 24th.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.