Stenger Family Office LLC Reduces Position in Invesco S&P 500 Top 50 ETF $XLG

Stenger Family Office LLC decreased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 66.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,407 shares of the company’s stock after selling 163,021 shares during the quarter. Invesco S&P 500 Top 50 ETF accounts for about 0.9% of Stenger Family Office LLC’s investment portfolio, making the stock its 23rd biggest position. Stenger Family Office LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cullen Frost Bankers Inc. grew its position in Invesco S&P 500 Top 50 ETF by 0.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 22,335 shares of the company’s stock valued at $1,164,000 after acquiring an additional 188 shares during the last quarter. Balboa Wealth Partners lifted its position in shares of Invesco S&P 500 Top 50 ETF by 2.2% during the second quarter. Balboa Wealth Partners now owns 9,660 shares of the company’s stock worth $503,000 after purchasing an additional 210 shares during the last quarter. Smith Salley Wealth Management boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 2.9% during the second quarter. Smith Salley Wealth Management now owns 7,555 shares of the company’s stock valued at $394,000 after purchasing an additional 215 shares during the period. Pacific Sun Financial Corp grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.2% in the second quarter. Pacific Sun Financial Corp now owns 6,839 shares of the company’s stock worth $356,000 after purchasing an additional 215 shares during the last quarter. Finally, Seneca House Advisors increased its stake in Invesco S&P 500 Top 50 ETF by 1.3% in the 3rd quarter. Seneca House Advisors now owns 16,477 shares of the company’s stock worth $948,000 after buying an additional 215 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $58.85 on Friday. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year high of $60.63. The company has a 50-day moving average of $59.15 and a 200 day moving average of $56.98.

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.