Investors Research Corp lessened its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 51.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,825 shares of the company’s stock after selling 12,692 shares during the quarter. Investors Research Corp’s holdings in Invesco S&P 500 Top 50 ETF were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Advisory Inc. grew its holdings in Invesco S&P 500 Top 50 ETF by 1,359.5% in the 4th quarter. Brown Advisory Inc. now owns 560,799 shares of the company’s stock worth $33,244,000 after buying an additional 522,375 shares in the last quarter. Polaris Financial Partners bought a new stake in Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at $21,423,000. Green Ridge Wealth Planning LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $12,782,000. JNBA Financial Advisors boosted its position in Invesco S&P 500 Top 50 ETF by 15,731.8% during the 2nd quarter. JNBA Financial Advisors now owns 197,898 shares of the company’s stock worth $12,117,000 after acquiring an additional 196,648 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth $9,532,000.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of NYSEARCA:XLG traded up $0.03 on Wednesday, hitting $65.07. The company’s stock had a trading volume of 933,506 shares, compared to its average volume of 2,515,692. Invesco S&P 500 Top 50 ETF has a 12 month low of $52.60 and a 12 month high of $65.26. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The stock’s 50-day moving average is $62.83 and its two-hundred day moving average is $61.22.
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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.
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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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