Raymond James & Associates Sells 15,064 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Raymond James & Associates trimmed its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Rating) by 30.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,338 shares of the company’s stock after selling 15,064 shares during the period. Raymond James & Associates owned about 0.53% of Invesco S&P 500 Top 50 ETF worth $9,476,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC grew its position in Invesco S&P 500 Top 50 ETF by 14.1% in the third quarter. Ameritas Advisory Services LLC now owns 6,552 shares of the company’s stock valued at $1,764,000 after acquiring an additional 810 shares during the period. National Bank of Canada FI bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $58,000. Pensionmark Financial Group LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 13.1% during the third quarter. Pensionmark Financial Group LLC now owns 1,515 shares of the company’s stock worth $408,000 after purchasing an additional 175 shares during the last quarter. MA Private Wealth grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 49.8% during the fourth quarter. MA Private Wealth now owns 1,437 shares of the company’s stock worth $397,000 after purchasing an additional 478 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 22.9% during the third quarter. Global Retirement Partners LLC now owns 20,779 shares of the company’s stock worth $5,922,000 after purchasing an additional 3,871 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $326.44 on Friday. The stock’s fifty day moving average is $309.62 and its 200-day moving average is $295.41. The stock has a market capitalization of $1.98 billion, a PE ratio of 19.22 and a beta of 1.00. Invesco S&P 500 Top 50 ETF has a 52 week low of $260.46 and a 52 week high of $328.88.

Invesco S&P 500 Top 50 ETF 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.