Asset Allocation Strategies LLC Sells 90,430 Shares of Invesco S&P 500 Top 50 ETF $XLG

Asset Allocation Strategies LLC cut its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 55.3% during the first quarter, Holdings Channel reports. The institutional investor owned 73,156 shares of the company’s stock after selling 90,430 shares during the quarter. Asset Allocation Strategies LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,991,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XLG. LPL Financial LLC increased its position in 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 in the last quarter. Morgan Stanley boosted its holdings in Invesco S&P 500 Top 50 ETF by 2.1% in the fourth quarter. Morgan Stanley now owns 6,977,609 shares of the company’s stock worth $413,633,000 after acquiring an additional 144,276 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Top 50 ETF by 7.4% in the third quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock worth $244,364,000 after acquiring 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% in the fourth quarter. JPMorgan Chase & Co. now owns 3,841,051 shares of the company’s stock worth $227,698,000 after acquiring an additional 54,449 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,812,317 shares of the company’s stock valued at $225,994,000 after acquiring an additional 52,644 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $59.30 on Monday. The stock has a 50-day moving average price of $62.01 and a 200-day moving average price of $59.22. The firm 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 1 year low of $51.47 and a 1 year 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.