Waverly Advisors LLC Sells 46,475 Shares of Invesco S&P 500 Top 50 ETF $XLG

Waverly Advisors LLC cut its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 82.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,555 shares of the company’s stock after selling 46,475 shares during the period. Waverly Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $521,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Great Diamond Partners LLC grew its position in Invesco S&P 500 Top 50 ETF by 1.0% during the 4th quarter. Great Diamond Partners LLC now owns 18,199 shares of the company’s stock worth $1,079,000 after acquiring an additional 175 shares during the last quarter. Diversified Enterprises LLC raised its position in Invesco S&P 500 Top 50 ETF by 0.5% in the fourth quarter. Diversified Enterprises LLC now owns 33,492 shares of the company’s stock valued at $1,985,000 after purchasing an additional 180 shares during the last quarter. Horizon Wealth Management LLC raised its position in Invesco S&P 500 Top 50 ETF by 1.0% in the fourth quarter. Horizon Wealth Management LLC now owns 19,032 shares of the company’s stock valued at $1,128,000 after purchasing an additional 180 shares during the last quarter. Compass Capital Corp MA ADV raised its position in Invesco S&P 500 Top 50 ETF by 5.1% in the fourth quarter. Compass Capital Corp MA ADV now owns 3,877 shares of the company’s stock valued at $227,000 after purchasing an additional 188 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 0.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 23,191 shares of the company’s stock valued at $1,375,000 after purchasing an additional 203 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $60.77 on Monday. The stock has a market cap of $10.60 billion, a P/E ratio of 27.80 and a beta of 1.06. The stock’s 50-day moving average is $61.52 and its 200-day moving average is $59.48. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.60 and a 1-year high of $64.77.

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.