Invesco Defensive Equity ETF (NYSEARCA:DEF)’s share price dropped 0.5% during trading on Monday . The company traded as low as $53.54 and last traded at $53.55, approximately 7,860 shares traded hands during mid-day trading. A decline of 56% from the average daily volume of 18,021 shares. The stock had previously closed at $53.83.
The company has a 50-day moving average of $51.83.
Institutional investors and hedge funds have recently modified their holdings of the stock. Carroll Financial Associates Inc. lifted its holdings in shares of Invesco Defensive Equity ETF by 2.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 11,535 shares of the company’s stock valued at $609,000 after buying an additional 232 shares during the period. GWM Advisors LLC boosted its holdings in Invesco Defensive Equity ETF by 85.6% in the first quarter. GWM Advisors LLC now owns 11,688 shares of the company’s stock valued at $584,000 after acquiring an additional 5,391 shares during the last quarter. TCG Advisors LP acquired a new position in Invesco Defensive Equity ETF in the first quarter valued at $60,000. Commonwealth Equity Services LLC boosted its holdings in Invesco Defensive Equity ETF by 6.8% in the first quarter. Commonwealth Equity Services LLC now owns 106,354 shares of the company’s stock valued at $5,311,000 after acquiring an additional 6,747 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in Invesco Defensive Equity ETF in the first quarter valued at $286,000.
About Invesco Defensive Equity ETF (NYSEARCA:DEF)
Guggenheim Defensive Equity ETF (the Fund) seeks investment results, which correspond to the performance, before the Fund’s fees and expenses, of an equity index called the Sabrient Defensive Equity Index (the Index). The Index is consisted of approximately 100 securities selected, based on investment and other criteria developed by Sabrient Systems LLC (Sabrient), from a universe of the United States-traded securities, including master limited partnerships (MLPs) and American depositary receipts (ADRs).