Clearstead Advisors LLC lowered its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 886,879 shares of the company’s stock after selling 9,746 shares during the quarter. Clearstead Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $52,574,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Birchbrook Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $27,000. MCF Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $27,000. Godsey & Gibb Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $30,000. Legacy Wealth Managment LLC ID bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $38,000. Finally, Reyes Financial Architecture Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $55,000.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of XLG stock opened at $63.56 on Monday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $47.93 and a fifty-two week high of $64.33. The stock has a 50 day moving average price of $58.71 and a two-hundred day moving average price of $58.64. The company has a market capitalization of $11.19 billion, a P/E ratio of 27.80 and a beta of 1.05.
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.
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