Sigma Planning Corp Lowers Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Sigma Planning Corp reduced its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,567 shares of the company’s stock after selling 44,220 shares during the quarter. Sigma Planning Corp owned about 0.09% of Invesco S&P 500 Top 50 ETF worth $4,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC raised its stake in Invesco S&P 500 Top 50 ETF by 5.0% in the third quarter. Integrated Wealth Concepts LLC now owns 182,494 shares of the company’s stock valued at $8,674,000 after purchasing an additional 8,687 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Invesco S&P 500 Top 50 ETF by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock valued at $34,396,000 after purchasing an additional 24,527 shares in the last quarter. Advisors Preferred LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $1,101,000. First Heartland Consultants Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 4.1% in the third quarter. First Heartland Consultants Inc. now owns 9,807 shares of the company’s stock valued at $466,000 after purchasing an additional 382 shares in the last quarter. Finally, Cooper Financial Group raised its stake in shares of Invesco S&P 500 Top 50 ETF by 8.8% during the fourth quarter. Cooper Financial Group now owns 4,901 shares of the company’s stock worth $245,000 after acquiring an additional 398 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $50.58 on Friday. The company has a market capitalization of $4.93 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a one year low of $39.75 and a one year high of $51.80. The company’s 50 day moving average price is $50.77 and its two-hundred day moving average price is $48.72.

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.