Northwestern Mutual Wealth Management Co. Grows Position in Invesco S&P 500 Equal Weight Utilities ETF $RSPU

Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 18.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,764 shares of the company’s stock after buying an additional 280 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter worth approximately $104,000. CX Institutional acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at approximately $223,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at approximately $346,000. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter valued at approximately $428,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 47.1% in the 1st quarter. HighTower Advisors LLC now owns 7,959 shares of the company’s stock valued at $554,000 after buying an additional 2,548 shares during the period.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

RSPU opened at $73.59 on Friday. The business has a 50 day simple moving average of $73.76 and a 200-day simple moving average of $71.00. The stock has a market capitalization of $445.22 million, a P/E ratio of 18.42 and a beta of 0.60. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $62.64 and a 12 month high of $76.86.

About Invesco S&P 500 Equal Weight Utilities ETF

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.