Invesco S&P Spin-Off ETF (NYSEARCA:CSD) shares dropped 0.5% on Monday . The company traded as low as $49.30 and last traded at $49.38, approximately 310 shares were traded during trading. A decline of 96% from the average daily volume of 7,078 shares. The stock had previously closed at $49.65.

The firm has a 50 day moving average of $49.44.

Several institutional investors and hedge funds have recently bought and sold shares of CSD. Advisor Group Inc. boosted its holdings in Invesco S&P Spin-Off ETF by 6.8% during the fourth quarter. Advisor Group Inc. now owns 3,293 shares of the company’s stock worth $139,000 after buying an additional 210 shares in the last quarter. Cordasco Financial Network acquired a new position in Invesco S&P Spin-Off ETF in the 1st quarter worth approximately $51,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Invesco S&P Spin-Off ETF by 11.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,960 shares of the company’s stock worth $401,000 after purchasing an additional 800 shares during the period.

About Invesco S&P Spin-Off ETF (NYSEARCA:CSD)

Guggenheim Spin-Off ETF, formerly Claymore/Beacon Spin-Off ETF, seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Beacon Spin-off Index (the Index). The Fund will invest at least 90% of its total assets in common stock, American depositary receipts (ADRs) and master limited partnerships (MLPs) that comprise the Index and depositary receipts representing common stocks included in the Index (or underlying securities representing ADRs included in the Index).

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