Mayflower Financial Advisors LLC Has $1.05 Million Stock Holdings in Invesco S&P 500 Top 50 ETF $XLG

Mayflower Financial Advisors LLC decreased its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 87.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 19,225 shares of the company’s stock after selling 138,768 shares during the period. Mayflower Financial Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,049,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its stake in shares of Invesco S&P 500 Top 50 ETF by 66.1% in the fourth quarter. Osaic Holdings Inc. now owns 2,838,230 shares of the company’s stock worth $168,251,000 after acquiring an additional 1,129,519 shares during the last quarter. LPL Financial LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after purchasing an additional 856,661 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 46.6% in the third quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after purchasing an additional 729,356 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 25.8% in the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after purchasing an additional 588,257 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Invesco S&P 500 Top 50 ETF by 1,359.5% in the 4th quarter. Brown Advisory Inc. now owns 560,799 shares of the company’s stock worth $33,244,000 after purchasing an additional 522,375 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG stock opened at $61.23 on Wednesday. The company has a 50 day moving average price of $62.06 and a 200 day moving average price of $59.23. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $51.63 and a fifty-two week high of $64.77. The stock has a market capitalization of $10.78 billion, a PE ratio of 27.80 and a beta of 1.05.

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. 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.