Invesco S&P 500 Top 50 ETF $XLG Stock: Cresta Advisors Ltd. Trims Position

Cresta Advisors Ltd. decreased its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 50.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,967 shares of the company’s stock after selling 26,280 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up about 0.8% of Cresta Advisors Ltd.’s investment portfolio, making the stock its 27th largest position. Cresta Advisors Ltd.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XLG. Brown Advisory Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 1,359.5% during the 4th 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. Polaris Financial Partners purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at about $21,423,000. Green Ridge Wealth Planning LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $12,782,000. JNBA Financial Advisors increased its position in Invesco S&P 500 Top 50 ETF by 15,731.8% during the second quarter. JNBA Financial Advisors now owns 197,898 shares of the company’s stock worth $12,117,000 after purchasing an additional 196,648 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the second quarter worth about $9,532,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $64.78 on Wednesday. The firm’s 50-day moving average is $63.22 and its two-hundred day moving average is $61.57. Invesco S&P 500 Top 50 ETF has a 12 month low of $52.60 and a 12 month high of $65.26. The company has a market capitalization of $12.01 billion, a PE ratio of 27.80 and a beta of 1.06.

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.