Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC trimmed its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 73.3% during the first quarter, HoldingsChannel.com reports. The fund owned 4,824 shares of the company’s stock after selling 13,270 shares during the period. Founders Financial Securities LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XLG. Birchbrook Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $27,000. Deutsche Bank AG purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $27,000. Godsey & Gibb Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $30,000. Group One Trading LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 100.9% during the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after purchasing an additional 57,871 shares during the period. Finally, Legacy Wealth Managment LLC ID purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $38,000.

Invesco S&P 500 Top 50 ETF Stock Down 1.9%

Shares of NYSEARCA XLG opened at $60.01 on Wednesday. The firm has a 50-day moving average price of $61.94 and a 200 day moving average price of $59.22. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 52 week low of $50.71 and a 52 week 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.