Brookstone Capital Management Sells 25,608 Shares of Invesco S&P 500 Top 50 ETF $XLG

Brookstone Capital Management lowered its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 72.6% in the first quarter, Holdings Channel.com reports. The fund owned 9,648 shares of the company’s stock after selling 25,608 shares during the quarter. Brookstone Capital Management’s holdings in Invesco S&P 500 Top 50 ETF were worth $526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 42.3% during the first quarter. Triad Wealth Partners LLC now owns 8,155 shares of the company’s stock valued at $445,000 after buying an additional 2,423 shares during the period. Future Financial Wealth Managment LLC grew its stake in Invesco S&P 500 Top 50 ETF by 14.2% during the 1st quarter. Future Financial Wealth Managment LLC now owns 5,224 shares of the company’s stock worth $310,000 after buying an additional 648 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $1,529,000. Rockefeller Capital Management L.P. increased its stake in Invesco S&P 500 Top 50 ETF by 3.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 320,335 shares of the company’s stock valued at $18,989,000 after purchasing an additional 11,961 shares in the last quarter. Finally, Green Ridge Wealth Planning LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $12,782,000.

Invesco S&P 500 Top 50 ETF Stock Down 0.4%

Shares of NYSEARCA:XLG opened at $59.30 on Friday. The business has a 50-day moving average price of $62.01 and a 200-day moving average price of $59.22. Invesco S&P 500 Top 50 ETF has a 52-week low of $51.47 and a 52-week high of $64.77. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05.

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. 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.