Lido Advisors LLC Cuts Stock Position in Invesco S&P 500 Top 50 ETF $XLG

Lido Advisors LLC decreased its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,250,287 shares of the company’s stock after selling 10,160 shares during the period. Lido Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $72,577,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XLG. JPMorgan Chase & Co. grew its position in shares of Invesco S&P 500 Top 50 ETF by 53.6% during the third quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock valued at $217,805,000 after purchasing an additional 1,321,856 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 46.6% during the third quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after purchasing an additional 729,356 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 25.8% during the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after purchasing an additional 588,257 shares in the last quarter. Advocacy Wealth Management LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 56.6% during the third quarter. Advocacy Wealth Management LLC now owns 1,094,754 shares of the company’s stock valued at $62,970,000 after purchasing an additional 395,581 shares in the last quarter. Finally, Johnson Financial Group Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 17.5% during the third quarter. Johnson Financial Group Inc. now owns 2,045,865 shares of the company’s stock valued at $117,678,000 after purchasing an additional 304,958 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 1.1%

Shares of Invesco S&P 500 Top 50 ETF stock opened at $63.66 on Thursday. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. The business has a 50-day moving average price of $60.05 and a 200-day moving average price of $58.91. Invesco S&P 500 Top 50 ETF has a twelve month low of $49.42 and a twelve month high of $64.77.

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. 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.