Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 44.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,610 shares of the company’s stock after selling 28,831 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 2.7% in the first quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock worth $113,010,000 after purchasing an additional 53,884 shares during the period. Lido Advisors LLC increased its stake in Invesco S&P 500 Top 50 ETF by 6.2% during the first quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock valued at $72,413,000 after purchasing an additional 77,171 shares during the last quarter. Bogart Wealth LLC increased its stake in Invesco S&P 500 Top 50 ETF by 2.3% during the first quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock valued at $59,957,000 after purchasing an additional 24,787 shares during the last quarter. Quattro Financial Advisors LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 42.8% during the third quarter. Quattro Financial Advisors LLC now owns 482,543 shares of the company’s stock worth $30,695,000 after purchasing an additional 144,683 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.2% during the first quarter. Kestra Advisory Services LLC now owns 485,942 shares of the company’s stock worth $26,508,000 after purchasing an additional 14,987 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

Invesco S&P 500 Top 50 ETF stock opened at $62.55 on Friday. The firm’s 50-day moving average is $63.28 and its 200-day moving average is $62.03. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $65.26. The company has a market cap of $11.75 billion, a P/E ratio of 27.80 and a beta of 1.06.

Invesco S&P 500 Top 50 ETF Profile

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.

XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.

The fund began operations in 2005 and is listed on NYSE Arca.