Northwestern Mutual Wealth Management Co. Has $83.34 Million Position in Invesco S&P MidCap 400 Revenue ETF $RWK

Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) by 446.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 659,036 shares of the company’s stock after acquiring an additional 538,536 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.08% of Invesco S&P MidCap 400 Revenue ETF worth $83,342,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RWK. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the third quarter valued at about $64,671,000. Jones Financial Companies Lllp lifted its position in Invesco S&P MidCap 400 Revenue ETF by 26.1% during the third quarter. Jones Financial Companies Lllp now owns 41,491 shares of the company’s stock worth $5,203,000 after purchasing an additional 8,589 shares during the period. Envestnet Asset Management Inc. lifted its position in Invesco S&P MidCap 400 Revenue ETF by 35.6% during the third quarter. Envestnet Asset Management Inc. now owns 50,045 shares of the company’s stock worth $6,256,000 after purchasing an additional 13,149 shares during the period. Resonant Capital Advisors LLC lifted its position in Invesco S&P MidCap 400 Revenue ETF by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 164,309 shares of the company’s stock worth $20,778,000 after purchasing an additional 5,214 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in Invesco S&P MidCap 400 Revenue ETF during the third quarter worth about $5,616,000.

Invesco S&P MidCap 400 Revenue ETF Price Performance

RWK opened at $136.03 on Monday. Invesco S&P MidCap 400 Revenue ETF has a twelve month low of $109.80 and a twelve month high of $143.32. The company has a 50-day simple moving average of $133.05 and a 200 day simple moving average of $130.96. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.05 and a beta of 1.08.

Invesco S&P MidCap 400 Revenue ETF Company Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually.