Beacon Financial Advisory LLC Sells 16,460 Shares of Invesco S&P 500 Top 50 ETF $XLG

Beacon Financial Advisory LLC lessened its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 64.0% during the first quarter, Holdings Channel reports. The firm owned 9,253 shares of the company’s stock after selling 16,460 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 17.5% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,045,865 shares of the company’s stock worth $117,678,000 after acquiring an additional 304,958 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 4,166.5% in the fourth quarter. Sound Income Strategies LLC now owns 35,753 shares of the company’s stock worth $2,104,000 after purchasing an additional 34,915 shares during the last quarter. Cypress Wealth Services LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $650,000. Elevation Capital Advisory LLC increased its stake in Invesco S&P 500 Top 50 ETF by 26.1% in the 4th quarter. Elevation Capital Advisory LLC now owns 161,707 shares of the company’s stock worth $9,586,000 after buying an additional 33,420 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter worth about $3,815,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $60.73 on Monday. Invesco S&P 500 Top 50 ETF has a 1-year low of $51.96 and a 1-year high of $64.77. The company has a 50-day moving average of $62.11 and a 200 day moving average of $59.27. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06.

About Invesco S&P 500 Top 50 ETF

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.