Parallel Advisors LLC reduced its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 35.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 508 shares of the company’s stock after selling 281 shares during the period. Parallel Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $26,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of XLG. SouthState Corp purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth $28,000. MTM Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth $30,000. Y.D. More Investments Ltd lifted its position in shares of Invesco S&P 500 Top 50 ETF by 149.2% during the 1st quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock worth $30,000 after purchasing an additional 388 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth $43,000. Finally, Headlands Technologies LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 1,280.7% during the 1st quarter. Headlands Technologies LLC now owns 1,146 shares of the company’s stock worth $53,000 after purchasing an additional 1,063 shares during the last quarter.
Invesco S&P 500 Top 50 ETF Trading Up 0.4%
Invesco S&P 500 Top 50 ETF stock opened at $57.15 on Friday. The stock has a market cap of $10.46 billion, a P/E ratio of 27.80 and a beta of 1.00. The company has a fifty day simple moving average of $55.13 and a 200-day simple moving average of $50.53. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $57.93.
About Invesco S&P 500 Top 50 ETF
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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