Snider Financial Group Lowers Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Snider Financial Group decreased its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,188 shares of the company’s stock after selling 207 shares during the period. Snider Financial Group’s holdings in Invesco S&P 500 Top 50 ETF were worth $864,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Pineridge Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the second quarter worth $42,000. Concord Wealth Partners purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter worth about $47,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Top 50 ETF during the second quarter valued at about $73,000. First Personal Financial Services purchased a new stake in Invesco S&P 500 Top 50 ETF during the second quarter worth about $97,000. Finally, Centennial Bank AR bought a new stake in Invesco S&P 500 Top 50 ETF in the second quarter worth about $101,000.

Invesco S&P 500 Top 50 ETF Stock Up 0.7 %

XLG opened at $50.00 on Thursday. Invesco S&P 500 Top 50 ETF has a twelve month low of $36.06 and a twelve month high of $50.00. The company’s 50-day moving average price is $47.47 and its two-hundred day moving average price is $45.75. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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.