Summit Financial LLC Sells 46,002 Shares of Invesco S&P 500 Top 50 ETF $XLG

Summit Financial LLC lessened its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 15.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 252,968 shares of the company’s stock after selling 46,002 shares during the period. Summit Financial LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $14,996,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Birchbrook Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $27,000. Deutsche Bank AG bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $27,000. Godsey & Gibb Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $30,000. Group One Trading LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 100.9% during the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after acquiring an additional 57,871 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $38,000.

Invesco S&P 500 Top 50 ETF Stock Up 0.1%

Shares of NYSEARCA:XLG opened at $61.32 on Friday. The business has a 50 day moving average price of $61.14 and a 200 day moving average price of $59.11. Invesco S&P 500 Top 50 ETF has a twelve month low of $49.68 and a twelve month high of $64.77. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05.

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.