Invesco S&P SmallCap 600 Revenue ETF

RWJ • ARCA

Invesco S&P SmallCap 600 Revenue ETF is an exchange-traded fund focused on the investment advice sector on ARCA. As of Q3 2025, 184 institutional investors hold shares in this ETF, with total holdings valued at $881.3M. LPL Financial LLC is the largest holder with a position valued at $141.3M.

INVESTMENT ADVICE

Country

United States of America

Overview

Overview of institutional ownership in RWJ as of Q3 2025

All Institutions

Institutions: 184
Value Held: $881.3M
Shares Held: 18.3M
Avg Position: $4.8M
Median Position: $629.0K

Hedge Funds

Hedge Funds: 3
Value Held: $2.9M
Shares Held: 59.5K
Avg Position: $958.1K
Median Position: $709.1K

Biggest Investors

Institutions with the largest positions in RWJ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L LPL Financial LLC Institution	-	$141.3M 0.04% of portfolio	2.9M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$101.0M 0.01% of portfolio	2.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$75.6M 0.02% of portfolio	1.6M shares	Q4 2016 Held for 8y 11m	$433.11B
Fusion Family Wealth LLC RIA/Wealth	Jonathan Russell Blau CEO	$69.5M 5.21% of portfolio	1.4M shares	Q4 2016 Held for 8y 11m	$1.3B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$58.1M 0.00% of portfolio	1.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
UBS Group AG Institution	Sergio P. Ermotti CEO	$39.5M 0.01% of portfolio	816.8K shares	Q4 2014 Held for 10y 11m	$511.54B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$37.8M 0.01% of portfolio	781.7K shares	Q4 2024 Held for 11 months	$310.43B
A Advisor Group Holdings, Inc. Institution	-	$27.8M 0.04% of portfolio	579.3K shares	Q1 2020 Held for 5y 8m	$71.0B
C Colony Group, LLC Institution	-	$21.9M 0.04% of portfolio	453.0K shares	Q1 2024 Held for 1y 8m	$61.0B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$20.7M 0.00% of portfolio	429.3K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B

Net Capital Flow

Institutional buying and selling activity for RWJ in Q3 2025

Traded: −$26.8M
Buyers: 93
Sellers: 78
Total Bought: +$48.0M
Total Sold: −$74.7M
Avg Position: $4.5M

Biggest Buyers

Institution	Net Bought	Current Position
L LPL Financial LLC Institution	+$10.6M +220.0K shares	$141.3M 2.9M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$6.5M +134.8K shares	$37.8M 781.7K shares
POTENTIA WEALTH RIA/Wealth	+$3.9M +80.9K shares	$3.9M 80.9K shares
R ROYAL BANK OF CANADA Institution	+$3.4M +70.6K shares	$12.0M 248.3K shares
Sonoma Allocations LLC RIA/Wealth	+$2.2M +46.2K shares	$2.2M 46.2K shares
MORGAN STANLEY RIA/Wealth	+$1.7M +35.2K shares	$101.0M 2.1M shares
ADAPT WEALTH ADVISORS, LLC RIA/Wealth	+$1.7M +34.7K shares	$1.7M 34.7K shares
C Colony Group, LLC Institution	+$1.6M +33.5K shares	$21.9M 453.0K shares
A Advisor Group Holdings, Inc. Institution	+$1.2M +26.0K shares	$27.8M 579.3K shares
MAI Wealth Advisors RIA/Wealth	+$1.1M +23.2K shares	$20.1M 416.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$14.5M −299.6K shares	$16.1M 334.2K shares
AMERIPRISE FINANCIAL INC Institution	−$11.0M −228.4K shares	$75.6M 1.6M shares
Foundations Investment Advisors, LLC RIA/Wealth	−$7.3M −168.2K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$4.5M −93.3K shares	$519.8K 10.8K shares
Private Advisor Group, LLC RIA/Wealth	−$4.2M −86.5K shares	$9.6M 199.3K shares
Ancora Advisors, LLC RIA/Wealth	−$3.4M −69.7K shares	$10.6M 218.4K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	−$2.9M −60.8K shares	$16.2M 335.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$2.8M −58.0K shares	$876.4K 18.1K shares
Cetera Investment Advisers RIA/Wealth	−$2.6M −53.2K shares	$6.3M 131.3K shares
Sovran Advisors, LLC RIA/Wealth	−$2.0M −44.8K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited RWJ in Q3 2025

New Positions: 12
New Value: $7.8M
Exited Positions: 14
Exited Value: $14.0M

New Positions

Institution	Position Value
Sonoma Allocations LLC RIA/Wealth	$2.2M 46.2K shares
ADAPT WEALTH ADVISORS, LLC RIA/Wealth	$1.7M 34.7K shares
F First Bank & Trust Institution	$858.1K 17.8K shares
Sontag Advisory, LLC RIA/Wealth	$847.7K 17.6K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$709.1K 14.7K shares
Nelson, Van Denburg & Campbell Wealth Management Group, LLC RIA/Wealth	$483.0K 10.0K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$385.4K 8.0K shares
T TRUST CO OF TOLEDO NA /OH/ Institution	$307.4K 6.4K shares
Integrated Wealth Concepts LLC RIA/Wealth	$284.9K 5.9K shares
A Atlantic Trust Group, LLC Institution	$19.8K 409.0 shares

Exited Positions

Institution	Previous Position
Foundations Investment Advisors, LLC RIA/Wealth	$7.3M 168.2K shares
Sovran Advisors, LLC RIA/Wealth	$2.0M 44.8K shares
Financial Advocates Investment Management RIA/Wealth	$1.7M 39.4K shares
H HRT FINANCIAL LLC Institution	$1.1M 24.6K shares
O Onyx Bridge Wealth Group LLC RIA/Wealth	$1.0M 24.2K shares
T TWO SIGMA SECURITIES, LLC Institution	$311.9K 7.2K shares
PARK AVENUE SECURITIES LLC RIA/Wealth	$242.0K 5.6K shares
Fermata Advisors, LLC Hedge Fund•Sector	$239.5K 5.5K shares
NorthRock Partners, LLC RIA/Wealth	$31.7K 732.0 shares
A Aviso Financial Inc. Institution	$26.0K 600.0 shares

Options Activity

Institutions with the largest Call and Put options positions in RWJ as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with RWJ as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
WFA Asset Management Corp RIA/Wealth	Nicholas Enea President	5.63% $10.4M	226.6K shares	Q3 2022 Held for 3y 2m	$184.0M
Fusion Family Wealth LLC RIA/Wealth	Jonathan Russell Blau CEO	5.21% $69.5M	1.4M shares	Q4 2016 Held for 8y 11m	$1.3B
C Cyr Financial Inc. RIA/Wealth	Christian John Cyr President	3.95% $5.7M	118.8K shares	Q2 2024 Held for 1y 5m	$145.3M
V Valued Retirements, Inc. Institution	-	3.05% $2.7M	62.5K shares	Q4 2023 Held for 1y 11m	$88.6M
SK Wealth Management, LLC RIA/Wealth	Jason Eric Archambault CEO	1.74% $4.6M	95.3K shares	Q3 2024 Held for 1y 2m	$262.2M
CONSOLIDATED PLANNING CORP RIA/Wealth	Varun Kalyan Marneni CEO	1.66% $15.7M	324.9K shares	Q4 2019 Held for 5y 11m	$946.6M
POTENTIA WEALTH RIA/Wealth	Kevin C. Swanson Owner	1.49% $3.9M	80.9K shares	Q4 2024 Held for 11 months	$262.1M
OPINICUS CAPITAL, INC. RIA/Wealth	Jaran Campbell Day CIO	1.24% $1.8M	37.0K shares	Q4 2023 Held for 1y 11m	$144.4M
PACIFIC SUN FINANCIAL CORP RIA/Wealth	Mitchell Jeffrey Fisher President	0.95% $2.0M	40.6K shares	Q2 2023 Held for 2y 5m	$207.0M
Sonoma Allocations LLC RIA/Wealth	Todd Arthur Gomes Managing Partner	0.80% $2.2M	46.2K shares	Q3 2025 Held for 2 months	$274.7M

Hedge Fund Spotlight

Discover hedge funds investing in RWJ

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Invesco S&P SmallCap 600 Revenue ETF

Market Value: $709.1K
Shares Held: 14.7K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%