Freedom Investment Management Inc. trimmed its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 6.3% during the third quarter, Holdings Channel reports. The firm owned 13,485 shares of the company’s stock after selling 902 shares during the period. Freedom Investment Management Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Pineridge Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the second quarter worth $42,000. Concord Wealth Partners bought a new stake in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $47,000. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $73,000. Investors Research Corp boosted its stake in Invesco S&P 500 Top 50 ETF by 126.7% during the 3rd quarter. Investors Research Corp now owns 1,909 shares of the company’s stock valued at $91,000 after purchasing an additional 1,067 shares during the period. Finally, First Personal Financial Services bought a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $97,000.
Invesco S&P 500 Top 50 ETF Trading Down 0.5 %
Shares of NYSEARCA:XLG opened at $49.36 on Friday. The firm’s 50 day moving average is $48.29 and its two-hundred day moving average is $46.32. The firm has a market capitalization of $4.81 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52 week low of $36.06 and a 52 week high of $49.92.
Invesco S&P 500 Top 50 ETF Company Profile
Guggenheim Russell Top 50 Mega Cap ETF (the Fund), formerly Rydex Russell Top 50 ETF, seeks to replicate as closely as possible the performance of the Russell Top 50 Index (the Index). The Index is an unmanaged capitalization-weighted index consisting of the 50 largest companies in the Russell 3000 Index.
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Want to see what other hedge funds are holding XLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report).
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