Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Sold by IFP Advisors Inc

IFP Advisors Inc reduced its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Rating) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,382 shares of the company’s stock after selling 135 shares during the period. IFP Advisors Inc’s holdings in Invesco S&P 500 Top 50 ETF were worth $270,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of XLG. Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the first quarter valued at approximately $38,000. National Bank of Canada FI purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at approximately $58,000. Bank of Montreal Can lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 71.0% during the first quarter. Bank of Montreal Can now owns 171 shares of the company’s stock valued at $61,000 after buying an additional 71 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 72.4% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 531 shares of the company’s stock valued at $143,000 after buying an additional 223 shares during the period. Finally, Capital Directions Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at approximately $143,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $319.16 on Thursday. Invesco S&P 500 Top 50 ETF has a 1 year low of $260.46 and a 1 year high of $328.88. The company’s 50 day simple moving average is $305.68 and its 200 day simple moving average is $293.81. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 19.22 and a beta of 1.00.

Invesco S&P 500 Top 50 ETF Company Profile

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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.