Janney Montgomery Scott LLC Has $5.86 Million Stake in Invesco S&P 500 Top 50 ETF $XLG

Janney Montgomery Scott LLC trimmed its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 49.9% during the first quarter, Holdings Channel reports. The fund owned 107,362 shares of the company’s stock after selling 106,862 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $5,857,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its position in Invesco S&P 500 Top 50 ETF by 66.1% during the fourth quarter. Osaic Holdings Inc. now owns 2,838,230 shares of the company’s stock worth $168,251,000 after purchasing an additional 1,129,519 shares during the period. LPL Financial LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after purchasing an additional 856,661 shares during the period. Ameriprise Financial Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 46.6% in the third quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after purchasing an additional 729,356 shares during the period. Raymond James Financial Inc. lifted its stake 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. Finally, Brown Advisory Inc. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 1,359.5% in the fourth quarter. Brown Advisory Inc. now owns 560,799 shares of the company’s stock worth $33,244,000 after buying an additional 522,375 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $60.73 on Friday. Invesco S&P 500 Top 50 ETF has a 1 year low of $51.96 and a 1 year high of $64.77. The company has a fifty day simple moving average of $62.11 and a 200 day simple moving average of $59.26. The company has a market cap of $10.28 billion, a P/E ratio of 27.80 and a beta of 1.06.

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.