Parallel Advisors LLC Sells 633 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Parallel Advisors LLC lowered its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 44.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 789 shares of the company’s stock after selling 633 shares during the period. Parallel Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $36,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. lifted its stake in Invesco S&P 500 Top 50 ETF by 2.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 9,017 shares of the company’s stock valued at $450,000 after buying an additional 239 shares in the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 8,387 shares of the company’s stock worth $419,000 after acquiring an additional 295 shares during the period. Novak & Powell Financial Services Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 5.6% during the fourth quarter. Novak & Powell Financial Services Inc. now owns 5,672 shares of the company’s stock worth $283,000 after acquiring an additional 300 shares during the period. Valley Brook Capital Group Inc. lifted its position in Invesco S&P 500 Top 50 ETF by 6.4% in the 4th quarter. Valley Brook Capital Group Inc. now owns 5,855 shares of the company’s stock valued at $293,000 after acquiring an additional 350 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 0.4% in the 4th quarter. Principal Securities Inc. now owns 99,197 shares of the company’s stock worth $4,956,000 after purchasing an additional 418 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Up 0.3%

XLG stock opened at $50.28 on Tuesday. The stock has a 50-day moving average price of $46.46 and a two-hundred day moving average price of $48.56. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $51.80. The stock has a market cap of $9.05 billion, a PE ratio of 26.13 and a beta of 1.05.

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.