Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 595,456 shares of the company’s stock after selling 17,972 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $37,877,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of XLG. Concurrent Investment Advisors LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 9.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 153,999 shares of the company’s stock valued at $9,444,000 after purchasing an additional 12,814 shares in the last quarter. Aspire Capital Advisors LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 17.3% in the 2nd quarter. Aspire Capital Advisors LLC now owns 94,434 shares of the company’s stock valued at $5,782,000 after purchasing an additional 13,913 shares during the period. Modern Wealth Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the first quarter worth $1,475,000. Sequoia Financial Advisors LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 77.0% during the second quarter. Sequoia Financial Advisors LLC now owns 38,654 shares of the company’s stock worth $2,394,000 after buying an additional 16,813 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the second quarter worth $9,532,000.

Invesco S&P 500 Top 50 ETF Price Performance

XLG stock traded down $0.58 during midday trading on Thursday, hitting $64.49. 2,742,107 shares of the stock traded hands, compared to its average volume of 2,516,865. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.60 and a 1-year high of $65.26. The stock’s fifty day simple moving average is $62.96 and its 200-day simple moving average is $61.29. The firm has a market cap of $11.85 billion, a P/E ratio of 27.80 and a beta of 1.06.

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.