Fifth Third Securities Inc. Sells 32,638 Shares of Invesco S&P 500 Top 50 ETF $XLG

Fifth Third Securities Inc. lowered its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 74.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,334 shares of the company’s stock after selling 32,638 shares during the quarter. Fifth Third Securities Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. AE Wealth Management LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 71.4% during the second quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock worth $6,587,000 after acquiring an additional 52,645 shares in the last quarter. M Holdings Securities Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at about $656,000. Hershey Financial Advisers LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter worth about $1,216,000. Avestar Capital LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 14.8% in the 2nd quarter. Avestar Capital LLC now owns 210,218 shares of the company’s stock valued at $10,952,000 after buying an additional 27,160 shares during the period. Finally, City Center Advisors LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 22.2% in the 3rd quarter. City Center Advisors LLC now owns 66,871 shares of the company’s stock valued at $3,846,000 after buying an additional 12,127 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $59.34 on Tuesday. The stock’s 50 day simple moving average is $58.87 and its 200 day simple moving average is $55.86. The company has a market cap of $11.41 billion, a P/E ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63.

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.