Baker Avenue Asset Management LP Cuts Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Baker Avenue Asset Management LP lowered its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,092 shares of the company’s stock after selling 413 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Invesco S&P 500 Top 50 ETF were worth $385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 22.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,225 shares of the company’s stock worth $343,000 after buying an additional 1,307 shares during the last quarter. Carr Financial Group Corp lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 51.8% during the 3rd quarter. Carr Financial Group Corp now owns 42,825 shares of the company’s stock valued at $2,035,000 after buying an additional 14,619 shares during the period. Demars Financial Group LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 14.7% during the 3rd quarter. Demars Financial Group LLC now owns 471,012 shares of the company’s stock valued at $22,387,000 after buying an additional 60,412 shares during the period. Assetmark Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 2,175.0% during the 3rd quarter. Assetmark Inc. now owns 2,366 shares of the company’s stock valued at $112,000 after buying an additional 2,262 shares during the period. Finally, Pegasus Partners Ltd. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 12.4% during the 3rd quarter. Pegasus Partners Ltd. now owns 284,173 shares of the company’s stock valued at $13,507,000 after buying an additional 31,318 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $49.67 on Tuesday. Invesco S&P 500 Top 50 ETF has a one year low of $35.43 and a one year high of $49.92. The stock’s fifty day moving average is $47.32 and its 200 day moving average is $45.62. The stock has a market cap of $4.84 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.