Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC decreased its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 70.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,574 shares of the company’s stock after selling 126,208 shares during the period. Kestra Private Wealth Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Basso Capital Management L.P. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter valued at about $5,429,000. Caldwell Trust Co purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth about $31,000. Team Financial Group LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter worth about $70,000. Associated Banc Corp acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter worth about $533,000. Finally, Integrity Alliance LLC. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter worth about $7,037,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $59.23 on Friday. The company has a market capitalization of $11.09 billion, a P/E ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a one year low of $52.60 and a one year high of $65.26. The stock has a 50-day moving average price of $63.20 and a 200 day moving average price of $60.70.

Invesco S&P 500 Top 50 ETF Company 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.