Hazlett Burt & Watson Inc. Reduces Position in Invesco S&P 500 Top 50 ETF $XLG

Hazlett Burt & Watson Inc. lessened its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 23.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,255 shares of the company’s stock after selling 1,001 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $168,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Golden State Wealth Management LLC increased its position in Invesco S&P 500 Top 50 ETF by 26.0% during the first quarter. Golden State Wealth Management LLC now owns 1,463 shares of the company’s stock worth $67,000 after purchasing an additional 302 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Invesco S&P 500 Top 50 ETF by 130.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock worth $115,324,000 after purchasing an additional 1,417,535 shares during the period. Kingswood Wealth Advisors LLC raised its stake in Invesco S&P 500 Top 50 ETF by 12.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 8,095 shares of the company’s stock worth $373,000 after purchasing an additional 902 shares during the period. Comprehensive Financial Planning Inc. PA raised its stake in Invesco S&P 500 Top 50 ETF by 25.4% during the first quarter. Comprehensive Financial Planning Inc. PA now owns 91,580 shares of the company’s stock worth $4,215,000 after purchasing an additional 18,538 shares during the period. Finally, Wolf Group Capital Advisors raised its stake in Invesco S&P 500 Top 50 ETF by 792.5% during the first quarter. Wolf Group Capital Advisors now owns 318,090 shares of the company’s stock worth $14,639,000 after purchasing an additional 282,448 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $57.53 on Tuesday. The firm’s 50-day moving average is $56.03 and its two-hundred day moving average is $51.39. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $58.48. The company has a market capitalization of $11.02 billion, a PE ratio of 27.80 and a beta of 1.00.

Invesco S&P 500 Top 50 ETF Company 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.