Financial Partners Group LLC Reduces Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Financial Partners Group LLC reduced its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 11.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,628 shares of the company’s stock after selling 4,409 shares during the period. Financial Partners Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,594,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of XLG. Wolf Group Capital Advisors grew its stake in shares of Invesco S&P 500 Top 50 ETF by 792.5% during the 1st quarter. Wolf Group Capital Advisors now owns 318,090 shares of the company’s stock worth $14,639,000 after acquiring an additional 282,448 shares during the period. Smith Shellnut Wilson LLC ADV lifted its holdings in Invesco S&P 500 Top 50 ETF by 7.3% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 46,247 shares of the company’s stock valued at $2,128,000 after purchasing an additional 3,132 shares during the last quarter. QRG Capital Management Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the first quarter worth about $1,822,000. Precedent Wealth Partners LLC boosted its position in Invesco S&P 500 Top 50 ETF by 31.9% during the first quarter. Precedent Wealth Partners LLC now owns 221,824 shares of the company’s stock worth $10,208,000 after purchasing an additional 53,661 shares during the period. Finally, Sowell Financial Services LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 17.6% in the first quarter. Sowell Financial Services LLC now owns 53,555 shares of the company’s stock worth $2,465,000 after purchasing an additional 8,009 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $50.20 on Wednesday. The stock has a market cap of $9.04 billion, a PE ratio of 26.13 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $51.80. The stock has a fifty day moving average of $47.43 and a 200-day moving average of $48.61.

Invesco S&P 500 Top 50 ETF Company 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.