Baird Financial Group Inc. Sells 137,232 Shares of Invesco S&P 500 Top 50 ETF $XLG

Baird Financial Group Inc. reduced its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 25.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,908 shares of the company’s stock after selling 137,232 shares during the quarter. Baird Financial Group Inc. owned approximately 0.21% of Invesco S&P 500 Top 50 ETF worth $20,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XLG. CW Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 1,645.5% in the second quarter. CW Advisors LLC now owns 719,865 shares of the company’s stock valued at $37,505,000 after buying an additional 678,624 shares in the last quarter. Elios Financial Group Inc. grew its holdings in Invesco S&P 500 Top 50 ETF by 55.9% during the 2nd quarter. Elios Financial Group Inc. now owns 50,853 shares of the company’s stock worth $2,649,000 after acquiring an additional 18,241 shares during the last quarter. Advocacy Wealth Management Services LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 100.5% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 699,173 shares of the company’s stock worth $36,427,000 after acquiring an additional 350,535 shares during the last quarter. Leslie Global Wealth LLC increased its position in Invesco S&P 500 Top 50 ETF by 50.9% in the 2nd quarter. Leslie Global Wealth LLC now owns 16,761 shares of the company’s stock valued at $873,000 after acquiring an additional 5,651 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 2.0% in the second quarter. Lido Advisors LLC now owns 1,258,773 shares of the company’s stock worth $65,582,000 after acquiring an additional 24,630 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $59.74 on Friday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $60.63. The stock has a fifty day moving average of $58.55 and a 200-day moving average of $55.04. The stock has a market capitalization of $11.49 billion, a P/E ratio of 27.80 and a beta of 1.03.

Invesco S&P 500 Top 50 ETF Company 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.