Kovack Advisors Inc. Has $1.71 Million Stock Position in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)

Kovack Advisors Inc. increased its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,429 shares of the company’s stock after purchasing an additional 747 shares during the period. Kovack Advisors Inc. owned approximately 0.05% of Invesco S&P 500 Revenue ETF worth $1,709,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. LPL Financial LLC increased its stake in Invesco S&P 500 Revenue ETF by 13.3% in the second quarter. LPL Financial LLC now owns 2,962,457 shares of the company’s stock valued at $274,383,000 after purchasing an additional 347,993 shares in the last quarter. Stewardship Advisors LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF in the 3rd quarter valued at $18,730,000. Investment Planning Advisors Inc. acquired a new stake in Invesco S&P 500 Revenue ETF during the 2nd quarter worth $13,437,000. Cetera Investment Advisers lifted its holdings in Invesco S&P 500 Revenue ETF by 1,058.9% during the first quarter. Cetera Investment Advisers now owns 112,930 shares of the company’s stock worth $10,585,000 after acquiring an additional 103,185 shares in the last quarter. Finally, Kraft Davis & Associates LLC acquired a new position in Invesco S&P 500 Revenue ETF in the first quarter valued at about $9,380,000.

Invesco S&P 500 Revenue ETF Trading Up 0.2 %

Shares of NYSEARCA RWL traded up $0.20 during mid-day trading on Wednesday, reaching $102.18. 25,538 shares of the company’s stock were exchanged, compared to its average volume of 128,380. Invesco S&P 500 Revenue ETF has a twelve month low of $79.66 and a twelve month high of $102.91. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 18.52 and a beta of 0.73. The business has a fifty day simple moving average of $98.04 and a 200 day simple moving average of $94.93.

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.