Royal Bank of Canada Sells 13,635 Shares of Invesco S&P MidCap 400 Revenue ETF $RWK

Royal Bank of Canada lessened its stake in Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) by 22.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,381 shares of the company’s stock after selling 13,635 shares during the period. Royal Bank of Canada owned 0.54% of Invesco S&P MidCap 400 Revenue ETF worth $6,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in Invesco S&P MidCap 400 Revenue ETF by 7.4% in the 4th quarter. Morgan Stanley now owns 938,017 shares of the company’s stock worth $118,622,000 after acquiring an additional 64,763 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after acquiring an additional 538,536 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 3.1% in the fourth quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock valued at $76,324,000 after purchasing an additional 18,274 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% in the third quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock valued at $71,958,000 after purchasing an additional 472,081 shares during the period. Finally, Fusion Family Wealth LLC grew its stake in Invesco S&P MidCap 400 Revenue ETF by 2.6% in the first quarter. Fusion Family Wealth LLC now owns 551,484 shares of the company’s stock worth $70,733,000 after purchasing an additional 13,960 shares in the last quarter.

Invesco S&P MidCap 400 Revenue ETF Stock Up 0.4%

Shares of NYSEARCA:RWK opened at $151.45 on Wednesday. The business’s 50 day moving average is $146.54 and its 200 day moving average is $138.82. The stock has a market cap of $1.34 billion, a P/E ratio of 14.05 and a beta of 1.06. Invesco S&P MidCap 400 Revenue ETF has a 52-week low of $118.54 and a 52-week high of $152.74.

Invesco S&P MidCap 400 Revenue ETF Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. 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.