Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 14.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of XLG. Jane Street Group LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 444.6% during the first quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock worth $8,416,000 after purchasing an additional 149,290 shares during the last quarter. Blue Trust Inc. grew its position in Invesco S&P 500 Top 50 ETF by 140.8% in the 2nd quarter. Blue Trust Inc. now owns 973 shares of the company’s stock valued at $51,000 after buying an additional 569 shares during the last quarter. CWM LLC increased its stake in Invesco S&P 500 Top 50 ETF by 5.2% in the 2nd quarter. CWM LLC now owns 90,282 shares of the company’s stock valued at $4,704,000 after buying an additional 4,501 shares during the period. Sequoia Financial Advisors LLC raised its position in Invesco S&P 500 Top 50 ETF by 18.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,220 shares of the company’s stock worth $1,158,000 after buying an additional 3,449 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in Invesco S&P 500 Top 50 ETF by 56.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 24,889 shares of the company’s stock worth $1,297,000 after buying an additional 8,985 shares during the last quarter.

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

Shares of NYSEARCA:XLG opened at $57.24 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63. The firm’s 50-day simple moving average is $59.01 and its 200-day simple moving average is $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 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.