Greystone Financial Group LLC Has $1.66 Million Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Greystone Financial Group LLC lessened its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,957 shares of the company’s stock after selling 3,145 shares during the period. Greystone Financial Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Demars Financial Group LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 5,930.2% in the 4th quarter. Demars Financial Group LLC now owns 28,403,144 shares of the company’s stock worth $1,419,021,000 after acquiring an additional 27,932,132 shares in the last quarter. LPL Financial LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 22.5% during the 4th quarter. LPL Financial LLC now owns 9,775,057 shares of the company’s stock worth $488,362,000 after buying an additional 1,795,590 shares during the period. Wells Fargo & Company MN increased its stake in shares of Invesco S&P 500 Top 50 ETF by 11.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,425,397 shares of the company’s stock valued at $171,133,000 after acquiring an additional 339,940 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,701,621 shares of the company’s stock worth $134,972,000 after acquiring an additional 29,332 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $112,591,000.

Invesco S&P 500 Top 50 ETF Trading Up 1.1%

Shares of NYSEARCA XLG opened at $50.14 on Monday. The firm has a market capitalization of $9.03 billion, a P/E ratio of 26.13 and a beta of 1.05. The firm’s 50-day moving average price is $46.38 and its 200-day moving average price is $48.56. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year high of $51.80.

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.