Northwestern Mutual Wealth Management Co. Has $6.17 Million Stake in Invesco S&P 500 Equal Weight Financials ETF $RSPF

Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) by 32,235.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 78,575 shares of the company’s stock after buying an additional 78,332 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Equal Weight Financials ETF were worth $6,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the third quarter valued at approximately $39,000. One Charles Private Wealth Services LLC raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 11.0% in the third quarter. One Charles Private Wealth Services LLC now owns 4,762 shares of the company’s stock valued at $370,000 after buying an additional 472 shares in the last quarter. BIP Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at approximately $469,000. Geneos Wealth Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.9% in the second quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock valued at $507,000 after buying an additional 190 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 27.2% in the third quarter. Citadel Advisors LLC now owns 7,522 shares of the company’s stock valued at $585,000 after buying an additional 1,610 shares in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Trading Up 0.1%

NYSEARCA RSPF opened at $75.78 on Friday. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $69.04 and a 1-year high of $81.29. The company has a 50 day moving average of $73.76 and a 200-day moving average of $75.76. The company has a market cap of $275.84 million, a price-to-earnings ratio of 16.51 and a beta of 0.87.

Invesco S&P 500 Equal Weight Financials ETF Profile

The Invesco S&P 500 Equal Weight Financials ETF (RSPF) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Financials index. The fund tracks an equal-weighted index of financial stocks pulled from the S&P 500. RSPF was launched on Nov 1, 2006 and is managed by Invesco.