RIA Advisory Group LLC Sells 70,390 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

RIA Advisory Group LLC lowered its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 90.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,555 shares of the company’s stock after selling 70,390 shares during the period. RIA Advisory Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $285,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 1,154.0% in the 3rd quarter. LPL Financial LLC now owns 4,598,014 shares of the company’s stock worth $156,149,000 after purchasing an additional 4,231,355 shares in the last quarter. Morgan Stanley raised its position in shares of Invesco S&P 500 Top 50 ETF by 1,119.9% during the 3rd quarter. Morgan Stanley now owns 3,079,024 shares of the company’s stock valued at $104,564,000 after buying an additional 2,826,631 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 2,249.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,918,023 shares of the company’s stock valued at $65,132,000 after buying an additional 1,836,373 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 897.9% during the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,577,870 shares of the company’s stock valued at $53,584,000 after buying an additional 1,419,748 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Invesco S&P 500 Top 50 ETF by 899.0% during the 3rd quarter. UBS Group AG now owns 1,522,981 shares of the company’s stock valued at $51,720,000 after buying an additional 1,370,533 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG traded down $0.70 during mid-day trading on Friday, hitting $39.84. 1,836,460 shares of the company’s stock traded hands, compared to its average volume of 1,147,568. The company’s 50-day moving average is $41.41 and its two-hundred day moving average is $38.31. The company has a market capitalization of $3.92 billion, a P/E ratio of 2.95 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1 year low of $30.81 and a 1 year high of $42.53.

About Invesco S&P 500 Top 50 ETF

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.