Northwestern Mutual Wealth Management Co. Lowers Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Northwestern Mutual Wealth Management Co. trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 97.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 570,444 shares of the company’s stock after selling 24,722,597 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $109,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $26,000. NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $26,000. Aviso Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $28,000. IMA Advisory Services Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $33,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $35,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 1.0%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $201.56 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $173.00 and a 12-month high of $205.53. The company has a market cap of $86.95 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The company’s 50-day moving average price is $197.89 and its 200-day moving average price is $195.92.

Invesco S&P 500 Equal Weight ETF Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.