Private Advisor Group LLC Sells 652,301 Shares of Invesco S&P 500 Top 50 ETF $XLG

Private Advisor Group LLC lessened its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 674,316 shares of the company’s stock after selling 652,301 shares during the period. Private Advisor Group LLC owned 0.35% of Invesco S&P 500 Top 50 ETF worth $38,787,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XLG. JPMorgan Chase & Co. increased its position in Invesco S&P 500 Top 50 ETF by 53.6% during the third quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock worth $217,805,000 after buying an additional 1,321,856 shares during the last quarter. Soundwatch Capital LLC bought a new position in Invesco S&P 500 Top 50 ETF during the second quarter valued at about $1,790,000. Raymond James Financial Inc. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 25.8% in the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock worth $149,398,000 after buying an additional 588,257 shares during the last quarter. Principle Wealth Partners LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 2.2% in the third quarter. Principle Wealth Partners LLC now owns 2,741,301 shares of the company’s stock worth $157,680,000 after buying an additional 59,078 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,470,451 shares of the company’s stock worth $142,100,000 after acquiring an additional 6,376 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $56.59 on Monday. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The business’s 50-day simple moving average is $58.33 and its 200-day simple moving average is $58.07. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $60.63.

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. 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.