Northwestern Mutual Wealth Management Co. Sells 24,722,597 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Northwestern Mutual Wealth Management Co. decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 97.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,444 shares of the company’s stock after selling 24,722,597 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.14% of Invesco S&P 500 Equal Weight ETF worth $109,274,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in RSP. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $26,000. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Aviso Financial Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $28,000. IMA Advisory Services Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $33,000. Finally, Cloud Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $35,000. Institutional investors own 61.18% of the company’s stock.

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

NYSEARCA RSP opened at $201.56 on Friday. The company has a market cap of $86.95 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52 week low of $173.00 and a 52 week high of $205.53. The firm’s 50-day simple moving average is $197.89 and its two-hundred day simple moving average is $195.92.

Invesco S&P 500 Equal Weight ETF Company 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.