Avior Wealth Management LLC Reduces Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Avior Wealth Management LLC lowered its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,716 shares of the company’s stock after selling 11,590 shares during the quarter. Avior Wealth Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,721,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. purchased a new position in Invesco S&P 500 Top 50 ETF during the 1st quarter valued at $38,000. Bank of Montreal Can raised its position in Invesco S&P 500 Top 50 ETF by 71.0% during the 1st quarter. Bank of Montreal Can now owns 171 shares of the company’s stock valued at $61,000 after purchasing an additional 71 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 1st quarter valued at $146,000. Renaissance Technologies LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth $201,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 1st quarter worth $225,000.

Invesco S&P 500 Top 50 ETF Trading Up 0.6 %

Shares of XLG stock opened at $41.16 on Wednesday. Invesco S&P 500 Top 50 ETF has a twelve month low of $30.81 and a twelve month high of $42.53. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 2.95 and a beta of 1.08. The stock has a fifty day simple moving average of $41.41 and a two-hundred day simple moving average of $38.28.

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.