Florida Financial Advisors LLC lessened its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 37.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,594 shares of the company’s stock after selling 8,190 shares during the quarter. Florida Financial Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $742,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in XLG. LPL Financial LLC raised its position in Invesco S&P 500 Top 50 ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock worth $684,942,000 after purchasing an additional 856,661 shares during the period. Morgan Stanley boosted its position in shares of Invesco S&P 500 Top 50 ETF by 2.1% during the fourth quarter. Morgan Stanley now owns 6,977,609 shares of the company’s stock valued at $413,633,000 after buying an additional 144,276 shares during the period. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Top 50 ETF by 7.4% during the third quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock valued at $244,364,000 after buying an additional 291,048 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 1.4% during the fourth quarter. JPMorgan Chase & Co. now owns 3,841,051 shares of the company’s stock valued at $227,698,000 after buying an additional 54,449 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,812,317 shares of the company’s stock worth $225,994,000 after buying an additional 52,644 shares during the period.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of XLG stock opened at $61.40 on Wednesday. Invesco S&P 500 Top 50 ETF has a 52-week low of $52.60 and a 52-week high of $64.77. The firm has a market capitalization of $10.74 billion, a P/E ratio of 27.80 and a beta of 1.06. The stock has a 50 day moving average price of $62.08 and a 200 day moving average price of $59.44.
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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.
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