Newbridge Financial Services Group Inc. Lowers Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Newbridge Financial Services Group Inc. lessened its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,670 shares of the company’s stock after selling 3,309 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Voisard Asset Management Group Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $28,000. Pineridge Advisors LLC purchased a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $42,000. YHB Investment Advisors Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the 1st quarter valued at approximately $59,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at approximately $73,000. Finally, VitalStone Financial LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 21.7% during the 1st quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock valued at $75,000 after purchasing an additional 319 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG stock opened at $46.94 on Wednesday. The stock has a market capitalization of $4.58 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1-year low of $32.74 and a 1-year high of $47.99. The business has a fifty day moving average price of $45.70 and a 200-day moving average price of $44.34.

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.