Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Asset Allocation Strategies LLC

Asset Allocation Strategies LLC trimmed its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 18.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,390 shares of the company’s stock after selling 36,732 shares during the period. Invesco S&P 500 Top 50 ETF comprises approximately 1.9% of Asset Allocation Strategies LLC’s holdings, making the stock its 17th largest holding. Asset Allocation Strategies LLC owned about 0.09% of Invesco S&P 500 Top 50 ETF worth $9,398,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in XLG. AE Wealth Management LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 71.4% in the second quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock worth $6,587,000 after purchasing an additional 52,645 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $656,000. Hershey Financial Advisers LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the second quarter worth approximately $1,216,000. Avestar Capital LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 14.8% during the 2nd quarter. Avestar Capital LLC now owns 210,218 shares of the company’s stock valued at $10,952,000 after purchasing an additional 27,160 shares in the last quarter. Finally, City Center Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 22.2% in the 3rd quarter. City Center Advisors LLC now owns 66,871 shares of the company’s stock worth $3,846,000 after buying an additional 12,127 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $57.93 on Thursday. The firm’s 50 day moving average is $58.78 and its 200-day moving average is $55.62. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63. The stock has a market capitalization of $11.14 billion, a P/E ratio of 27.80 and a beta of 1.03.

About Invesco S&P 500 Top 50 ETF

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.