Verus Capital Partners LLC Lowers Stock Position in Invesco S&P 500 Top 50 ETF $XLG

Verus Capital Partners LLC reduced its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 85.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,892 shares of the company’s stock after selling 34,533 shares during the period. Verus Capital Partners LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XLG. Birchbrook Inc. bought a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $27,000. Deutsche Bank AG bought a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth approximately $27,000. Godsey & Gibb Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth approximately $30,000. Group One Trading LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 100.9% in the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after purchasing an additional 57,871 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth $38,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $60.77 on Monday. The company has a market capitalization of $10.60 billion, a price-to-earnings 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 $64.77. The company’s fifty day moving average price is $61.52 and its 200-day moving average price is $59.48.

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.