Oppenheimer & Co. Inc. Decreases Stake in Invesco S&P 500 Top 50 ETF $XLG

Oppenheimer & Co. Inc. decreased its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 14.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 56,513 shares of the company’s stock after selling 9,933 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,251,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in XLG. Western Wealth Management LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 2.5% during the 3rd quarter. Western Wealth Management LLC now owns 103,611 shares of the company’s stock worth $5,960,000 after purchasing an additional 2,569 shares during the period. LexAurum Advisors LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 8.3% during the third quarter. LexAurum Advisors LLC now owns 16,325 shares of the company’s stock worth $939,000 after buying an additional 1,251 shares in the last quarter. Tempus Wealth Planning LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 78.1% during the third quarter. Tempus Wealth Planning LLC now owns 17,195 shares of the company’s stock worth $989,000 after buying an additional 7,543 shares in the last quarter. RFG Advisory LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the third quarter worth about $1,285,000. Finally, Caliber Wealth Management LLC KS increased its holdings in Invesco S&P 500 Top 50 ETF by 123.4% in the third quarter. Caliber Wealth Management LLC KS now owns 11,585 shares of the company’s stock valued at $666,000 after buying an additional 6,399 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 1.7%

XLG stock opened at $57.24 on Friday. The firm has a 50 day moving average of $59.01 and a 200-day moving average of $57.69. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63.

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. 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.