Brookstone Capital Management Sells 25,608 Shares of Invesco S&P 500 Top 50 ETF $XLG

Brookstone Capital Management lowered its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 72.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,648 shares of the company’s stock after selling 25,608 shares during the quarter. Brookstone Capital Management’s holdings in Invesco S&P 500 Top 50 ETF were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 66.1% during the 4th quarter. Osaic Holdings Inc. now owns 2,838,230 shares of the company’s stock valued at $168,251,000 after purchasing an additional 1,129,519 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after buying an additional 856,661 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 46.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after purchasing an additional 729,356 shares during the period. Raymond James Financial Inc. increased its holdings in Invesco S&P 500 Top 50 ETF by 25.8% during the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after buying an additional 588,257 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 1,359.5% in the 4th quarter. Brown Advisory Inc. now owns 560,799 shares of the company’s stock worth $33,244,000 after purchasing an additional 522,375 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Down 0.4%

Shares of NYSEARCA:XLG opened at $59.30 on Friday. The stock has a 50 day moving average of $62.01 and a 200 day moving average of $59.22. The company has a market cap of $10.44 billion, a PE ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 12-month low of $51.47 and a 12-month high of $64.77.

Invesco S&P 500 Top 50 ETF 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.