Redhawk Wealth Advisors Inc. Sells 364,597 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Redhawk Wealth Advisors Inc. reduced its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 90.1% during the 1st quarter, Holdings Channel reports. The fund owned 40,232 shares of the company’s stock after selling 364,597 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $26,000. Millstone Evans Group LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $32,000. Transce3nd LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $47,000. Rothschild Investment LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $50,000. Finally, Kiker Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $50,000.

Invesco S&P 500 Top 50 ETF Stock Up 0.8%

Shares of NYSEARCA:XLG opened at $50.66 on Wednesday. The company’s 50 day moving average price is $46.59 and its two-hundred day moving average price is $48.58. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $51.80. The firm has a market cap of $9.12 billion, a PE ratio of 26.13 and a beta of 1.05.

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.