Invesco S&P 500 Top 50 ETF $XLG Stake Reduced by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 595,456 shares of the company’s stock after selling 17,972 shares during the quarter. Farther Finance Advisors LLC owned about 0.32% of Invesco S&P 500 Top 50 ETF worth $37,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Johnson Financial Group Inc. lifted its stake in Invesco S&P 500 Top 50 ETF by 2.7% during the 1st quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock valued at $113,010,000 after acquiring an additional 53,884 shares during the period. Lido Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 6.2% in the first quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock worth $72,413,000 after acquiring an additional 77,171 shares during the period. Bogart Wealth LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 2.3% in the first quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock worth $59,957,000 after acquiring an additional 24,787 shares during the period. MML Investors Services LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 10.5% during the fourth quarter. MML Investors Services LLC now owns 862,918 shares of the company’s stock worth $51,154,000 after purchasing an additional 81,838 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 1,359.5% during the fourth 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 Stock Performance

NYSEARCA XLG traded down $0.58 on Thursday, reaching $64.49. 2,742,107 shares of the company’s stock traded hands, compared to its average volume of 2,516,865. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The stock has a 50 day moving average price of $62.96 and a 200-day moving average price of $61.29. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $52.60 and a fifty-two week high of $65.26.

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.