Northwestern Mutual Wealth Management Co. Reduces Holdings in Invesco S&P MidCap 400 Pure Growth ETF $RFG

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) by 50.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,837 shares of the company’s stock after selling 36,136 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.65% of Invesco S&P MidCap 400 Pure Growth ETF worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF during the third quarter worth about $1,563,000. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF during the third quarter worth about $971,000. Ameritas Advisory Services LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 19.7% during the third quarter. Ameritas Advisory Services LLC now owns 53,945 shares of the company’s stock worth $2,748,000 after buying an additional 8,874 shares in the last quarter. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF during the fourth quarter worth about $443,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF during the third quarter worth about $201,000.

Invesco S&P MidCap 400 Pure Growth ETF Price Performance

Shares of NYSEARCA RFG opened at $62.06 on Friday. The company has a market cap of $348.16 million, a PE ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a 12 month low of $46.80 and a 12 month high of $64.42. The company has a 50-day simple moving average of $59.87 and a 200-day simple moving average of $56.62.

Invesco S&P MidCap 400 Pure Growth ETF Profile

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index.