Northwestern Mutual Wealth Management Co. Has $5.03 Billion Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,252,217 shares of the company’s stock after acquiring an additional 959,176 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 3.2% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 6th biggest holding. Northwestern Mutual Wealth Management Co. owned 6.33% of Invesco S&P 500 Equal Weight ETF worth $5,028,875,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its position in Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after buying an additional 51 shares during the period. Pacific Point Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 4.2% during the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after buying an additional 52 shares during the period. Drucker Wealth 3.0 LLC grew its position in Invesco S&P 500 Equal Weight ETF by 3.3% during the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after buying an additional 55 shares during the period. Strategies Wealth Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 3.5% during the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after buying an additional 55 shares during the period. Finally, Battery Global Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after buying an additional 55 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $208.25 on Friday. The stock has a 50-day simple moving average of $199.50 and a two-hundred day simple moving average of $197.08. Invesco S&P 500 Equal Weight ETF has a 52-week low of $174.27 and a 52-week high of $208.89. The firm has a market capitalization of $89.84 billion, a PE ratio of 20.10 and a beta of 0.92.

About Invesco S&P 500 Equal Weight ETF

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.