Northwestern Mutual Wealth Management Co. Has $20.82 Million Stock Position in Invesco S&P 100 Equal Weight ETF $EQWL

Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) by 4.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 176,210 shares of the company’s stock after buying an additional 7,002 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 100 Equal Weight ETF were worth $20,821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Thrivent Financial for Lutherans acquired a new position in shares of Invesco S&P 100 Equal Weight ETF in the fourth quarter worth approximately $21,877,000. PCG Wealth Advisors LLC lifted its stake in Invesco S&P 100 Equal Weight ETF by 1.3% in the fourth quarter. PCG Wealth Advisors LLC now owns 45,315 shares of the company’s stock valued at $5,354,000 after buying an additional 602 shares during the period. Patten & Patten Inc. TN lifted its stake in Invesco S&P 100 Equal Weight ETF by 49.0% in the fourth quarter. Patten & Patten Inc. TN now owns 14,589 shares of the company’s stock valued at $1,724,000 after buying an additional 4,800 shares during the period. International Assets Investment Management LLC acquired a new position in Invesco S&P 100 Equal Weight ETF in the fourth quarter valued at approximately $206,000. Finally, Foronjy Financial LLC lifted its stake in Invesco S&P 100 Equal Weight ETF by 0.6% in the fourth quarter. Foronjy Financial LLC now owns 15,151 shares of the company’s stock valued at $1,790,000 after buying an additional 96 shares during the period.

Invesco S&P 100 Equal Weight ETF Stock Performance

Shares of EQWL opened at $124.24 on Wednesday. Invesco S&P 100 Equal Weight ETF has a 52-week low of $103.38 and a 52-week high of $125.77. The business’s 50 day moving average price is $119.50 and its two-hundred day moving average price is $119.21. The firm has a market cap of $2.51 billion, a PE ratio of 20.16 and a beta of 0.89.

About Invesco S&P 100 Equal Weight ETF

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.