Oppenheimer & Co. Inc. Reduces Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Oppenheimer & Co. Inc. reduced its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 12.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 60,289 shares of the company’s stock after selling 8,445 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the second quarter worth about $42,000. Concord Wealth Partners purchased a new position in Invesco S&P 500 Top 50 ETF during the 3rd quarter worth approximately $47,000. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth approximately $73,000. First Personal Financial Services purchased a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $97,000. Finally, Centennial Bank AR purchased a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $101,000.

Invesco S&P 500 Top 50 ETF Trading Down 1.8 %

Shares of XLG opened at $48.56 on Friday. The company’s 50 day simple moving average is $47.64 and its 200-day simple moving average is $45.80. The firm has a market cap of $4.73 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12-month low of $36.06 and a 12-month high of $49.92.

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.