Invesco S&P 500 Top 50 ETF $XLG Position Lowered by Demars Financial Group LLC

Demars Financial Group LLC trimmed its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 97.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 738,447 shares of the company’s stock after selling 27,338,615 shares during the period. Invesco S&P 500 Top 50 ETF accounts for approximately 14.8% of Demars Financial Group LLC’s portfolio, making the stock its 3rd biggest position. Demars Financial Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $38,473,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. WBH Advisory Inc. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 23.9% in the 2nd quarter. WBH Advisory Inc. now owns 20,629 shares of the company’s stock worth $1,075,000 after acquiring an additional 3,982 shares during the period. Elevation Capital Advisory LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 1,632.9% in the 2nd quarter. Elevation Capital Advisory LLC now owns 168,765 shares of the company’s stock worth $8,793,000 after acquiring an additional 159,026 shares during the period. Balboa Wealth Partners lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 2.2% in the 2nd quarter. Balboa Wealth Partners now owns 9,660 shares of the company’s stock worth $503,000 after acquiring an additional 210 shares during the period. Forvis Mazars Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $422,000. Finally, ShoreHaven Wealth Partners LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 33.8% in the 2nd quarter. ShoreHaven Wealth Partners LLC now owns 143,441 shares of the company’s stock valued at $7,473,000 after purchasing an additional 36,202 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.6%

Shares of XLG opened at $57.55 on Monday. The company has a 50-day simple moving average of $56.29 and a 200-day simple moving average of $51.72. The company has a market capitalization of $11.06 billion, a PE ratio of 27.80 and a beta of 1.00. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $58.48.

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.