CFS Investment Advisory Services LLC Reduces Position in Invesco S&P 500 Top 50 ETF $XLG

CFS Investment Advisory Services LLC trimmed its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 91.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,832 shares of the company’s stock after selling 282,315 shares during the period. CFS Investment Advisory Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,553,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XLG. Jane Street Group LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 444.6% in the first quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock worth $8,416,000 after purchasing an additional 149,290 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 151.8% during the second quarter. Russell Investments Group Ltd. now owns 1,536 shares of the company’s stock valued at $80,000 after purchasing an additional 926 shares during the period. Marshall Wace LLP acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $7,118,000. Qube Research & Technologies Ltd lifted its position in Invesco S&P 500 Top 50 ETF by 230.7% in the second quarter. Qube Research & Technologies Ltd now owns 9,629 shares of the company’s stock worth $502,000 after purchasing an additional 6,717 shares during the period. Finally, Main Street Financial Solutions LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 98.2% during the second quarter. Main Street Financial Solutions LLC now owns 13,896 shares of the company’s stock valued at $724,000 after buying an additional 6,886 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG opened at $61.63 on Friday. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.30 and a 1-year high of $64.77. The company has a 50 day moving average price of $62.17 and a 200 day moving average price of $59.34.

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.