Summit Asset Management LLC Sells 200 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Summit Asset Management LLC reduced its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,115 shares of the company’s stock after selling 200 shares during the period. Summit Asset Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XLG. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 10.2% in the third quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after acquiring an additional 741,770 shares during the period. Bank Hapoalim BM acquired a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $13,289,000. PMG Wealth Management Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $11,276,000. HighTower Advisors LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 27.7% in the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after buying an additional 200,879 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its stake in Invesco S&P 500 Top 50 ETF by 66.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 476,332 shares of the company’s stock valued at $23,798,000 after buying an additional 190,180 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $50.58 on Friday. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.75 and a 52-week high of $51.80. The business’s 50 day moving average price is $50.77 and its two-hundred day moving average price is $48.72. The firm has a market cap of $4.93 billion, a PE ratio of 2.92 and a beta of 1.08.

About Invesco S&P 500 Top 50 ETF

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.