Invesco S&P 500 Top 50 ETF $XLG Shares Sold by PMG Wealth Management Inc.

PMG Wealth Management Inc. lessened its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 45.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,338 shares of the company’s stock after selling 105,172 shares during the period. Invesco S&P 500 Top 50 ETF comprises about 5.0% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 8th largest position. PMG Wealth Management Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XLG. Osaic Holdings Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 66.1% in the 4th quarter. Osaic Holdings Inc. now owns 2,838,230 shares of the company’s stock valued at $168,251,000 after acquiring an additional 1,129,519 shares during the last quarter. LPL Financial LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock worth $684,942,000 after buying an additional 856,661 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 46.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after buying an additional 729,356 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 25.8% in the 2nd quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after buying an additional 588,257 shares during the period. Finally, Brown Advisory Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 1,359.5% during the 4th quarter. Brown Advisory Inc. now owns 560,799 shares of the company’s stock valued at $33,244,000 after buying an additional 522,375 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 1.9%

XLG opened at $60.01 on Wednesday. The company’s 50-day moving average price is $61.94 and its 200 day moving average price is $59.22. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $50.71 and a fifty-two week high of $64.77. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05.

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.