The Manufacturers Life Insurance Company Buys 29,815 Shares of Invesco S&P 500 Revenue ETF $RWL

The Manufacturers Life Insurance Company increased its stake in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) by 87.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 63,910 shares of the company’s stock after acquiring an additional 29,815 shares during the period. The Manufacturers Life Insurance Company’s holdings in Invesco S&P 500 Revenue ETF were worth $7,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Revenue ETF during the fourth quarter worth $26,000. SWAN Capital LLC bought a new stake in Invesco S&P 500 Revenue ETF during the 4th quarter worth about $30,000. Aptus Capital Advisors LLC lifted its position in Invesco S&P 500 Revenue ETF by 359.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock valued at $38,000 after purchasing an additional 259 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Invesco S&P 500 Revenue ETF by 17.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock valued at $87,000 after purchasing an additional 115 shares during the last quarter. Finally, Avion Wealth acquired a new stake in shares of Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $88,000.

Invesco S&P 500 Revenue ETF Price Performance

RWL opened at $133.94 on Thursday. The firm has a 50 day simple moving average of $129.19 and a 200 day simple moving average of $123.10. Invesco S&P 500 Revenue ETF has a fifty-two week low of $103.11 and a fifty-two week high of $134.62. The company has a market cap of $9.85 billion, a price-to-earnings ratio of 18.14 and a beta of 0.85.

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. 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.