Invesco S&P 500 Top 50 ETF $XLG Stock: Lido Advisors LLC Trims Stake

Lido Advisors LLC lowered its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 13.2% in the third quarter, Holdings Channel.com reports. The fund owned 1,281,739 shares of the company’s stock after selling 195,313 shares during the period. Lido Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $81,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at $437,000. Means Investment CO. Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the third quarter worth $104,639,000. StoneX Group Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at $671,000. Flagship Wealth Advisors LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 5.5% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 142,998 shares of the company’s stock valued at $9,096,000 after buying an additional 7,398 shares during the period. Finally, United Advisor Group LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 13.6% in the 3rd quarter. United Advisor Group LLC now owns 17,498 shares of the company’s stock valued at $1,113,000 after buying an additional 2,096 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $60.62 on Wednesday. The company has a 50-day moving average of $63.07 and a 200-day moving average of $60.74. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 52 week low of $52.60 and a 52 week high of $65.26.

Invesco S&P 500 Top 50 ETF Profile

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index. XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.