Northwestern Mutual Wealth Management Co. Sells 369,086 Shares of Invesco S&P 500 Top 50 ETF $XLG

Northwestern Mutual Wealth Management Co. lowered its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 23.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,227,063 shares of the company’s stock after selling 369,086 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Top 50 ETF were worth $72,740,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in XLG. Birchbrook Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $27,000. MCF Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $27,000. Godsey & Gibb Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $30,000. Legacy Wealth Managment LLC ID bought a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $38,000. Finally, Reyes Financial Architecture Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter worth approximately $55,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $64.37 on Friday. The company has a market capitalization of $11.34 billion, a P/E ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $48.68 and a fifty-two week high of $64.53. The stock has a 50 day moving average price of $59.50 and a two-hundred day moving average price of $58.82.

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.