Kestra Private Wealth Services LLC lowered its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 70.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 52,574 shares of the company’s stock after selling 126,208 shares during the period. Kestra Private Wealth Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,344,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Basso Capital Management L.P. acquired a new position in Invesco S&P 500 Top 50 ETF in the third quarter worth about $5,429,000. Caldwell Trust Co acquired a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at approximately $31,000. Team Financial Group LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at approximately $70,000. Associated Banc Corp bought a new position in Invesco S&P 500 Top 50 ETF during the 3rd quarter worth approximately $533,000. Finally, Integrity Alliance LLC. bought a new position in Invesco S&P 500 Top 50 ETF during the 3rd quarter worth approximately $7,037,000.
Invesco S&P 500 Top 50 ETF Trading Down 5.0%
Shares of XLG opened at $59.23 on Friday. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The stock has a 50 day moving average of $63.20 and a 200-day moving average of $60.70. Invesco S&P 500 Top 50 ETF has a 52 week low of $52.60 and a 52 week high of $65.26.
About Invesco S&P 500 Top 50 ETF
Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.
XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.
The fund began operations in 2005 and is listed on NYSE Arca.
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