Focus Financial Network Inc. Sells 51,610 Shares of Invesco S&P 500 Top 50 ETF $XLG

Focus Financial Network Inc. cut its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 73.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,271 shares of the company’s stock after selling 51,610 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 66.1% during the 4th quarter. Osaic Holdings Inc. now owns 2,838,230 shares of the company’s stock worth $168,251,000 after buying an additional 1,129,519 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after acquiring an additional 856,661 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 46.6% in the third quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after acquiring an additional 729,356 shares in the last quarter. Raymond James Financial Inc. increased 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 acquiring an additional 588,257 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 1,359.5% during the fourth quarter. Brown Advisory Inc. now owns 560,799 shares of the company’s stock worth $33,244,000 after acquiring an additional 522,375 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Down 0.7%

XLG stock opened at $62.73 on Wednesday. The stock’s fifty day simple moving average is $61.35 and its two-hundred day simple moving average is $59.69. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.60 and a 1-year high of $64.77. The stock has a market cap of $10.94 billion, a P/E ratio of 27.80 and a beta of 1.06.

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.