FWG Investments LLC. Reduces Position in Invesco S&P 500 Top 50 ETF $XLG

FWG Investments LLC. decreased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 29,576 shares of the company’s stock after selling 450 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 1.2% of FWG Investments LLC.’s portfolio, making the stock its 22nd largest position. FWG Investments LLC.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. SouthState Corp purchased a new position in Invesco S&P 500 Top 50 ETF during the 1st quarter valued at $28,000. MTM Investment Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the first quarter worth $30,000. Y.D. More Investments Ltd lifted its position in shares of Invesco S&P 500 Top 50 ETF by 149.2% during the first quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock worth $30,000 after purchasing an additional 388 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at $31,000. Finally, LGT Financial Advisors LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 248.5% during the second quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock valued at $41,000 after purchasing an additional 564 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Down 1.4%

NYSEARCA XLG opened at $59.68 on Friday. The stock has a market cap of $11.48 billion, a PE ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63. The company’s 50-day moving average price is $57.06 and its 200-day moving average price is $52.66.

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.