Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. decreased its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,485 shares of the company’s stock after selling 902 shares during the quarter. Freedom Investment Management Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $641,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. SteelPeak Wealth LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 1.8% in the 3rd quarter. SteelPeak Wealth LLC now owns 12,511 shares of the company’s stock worth $595,000 after purchasing an additional 221 shares during the last quarter. VitalStone Financial LLC grew its stake in Invesco S&P 500 Top 50 ETF by 10.7% in the third quarter. VitalStone Financial LLC now owns 2,691 shares of the company’s stock worth $128,000 after purchasing an additional 260 shares in the last quarter. Game Plan Financial Advisors LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 7.1% in the second quarter. Game Plan Financial Advisors LLC now owns 4,140 shares of the company’s stock valued at $189,000 after buying an additional 275 shares during the last quarter. Valley Brook Capital Group Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 5.5% during the third quarter. Valley Brook Capital Group Inc. now owns 5,505 shares of the company’s stock valued at $262,000 after buying an additional 285 shares in the last quarter. Finally, Zimmermann Investment Management & Planning LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 5.5% during the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 6,769 shares of the company’s stock worth $310,000 after buying an additional 353 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 0.5 %

Shares of NYSEARCA XLG opened at $49.36 on Friday. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a twelve month low of $36.06 and a twelve month high of $49.92. The business has a 50 day simple moving average of $48.29 and a 200-day simple moving average of $46.32.

Invesco S&P 500 Top 50 ETF 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.