Invesco S&P 500 Top 50 ETF $XLG Stake Reduced by Clearstead Advisors LLC

Clearstead Advisors LLC cut its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 896,625 shares of the company’s stock after selling 20,332 shares during the period. Clearstead Advisors LLC owned 0.47% of Invesco S&P 500 Top 50 ETF worth $51,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter worth about $27,000. Financial Gravity Companies Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $47,000. New Republic Capital LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 90.5% in the third quarter. New Republic Capital LLC now owns 960 shares of the company’s stock valued at $55,000 after purchasing an additional 456 shares during the period. Transce3nd LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 36.8% during the second quarter. Transce3nd LLC now owns 1,127 shares of the company’s stock valued at $59,000 after buying an additional 303 shares during the last quarter. Finally, CGC Financial Services LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 193.1% during the third quarter. CGC Financial Services LLC now owns 1,026 shares of the company’s stock worth $59,000 after buying an additional 676 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $57.65 on Monday. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The business has a 50 day simple moving average of $58.72 and a 200 day simple moving average of $57.90.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.