NewEdge Advisors LLC Cuts Stock Position in Invesco S&P 500 Top 50 ETF $XLG

NewEdge Advisors LLC decreased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 22.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,148 shares of the company’s stock after selling 53,340 shares during the period. NewEdge Advisors LLC owned about 0.11% of Invesco S&P 500 Top 50 ETF worth $10,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Birchbrook Inc. purchased a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $27,000. Deutsche Bank AG purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $27,000. Group One Trading LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after purchasing an additional 57,871 shares in the last quarter. Godsey & Gibb Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $30,000. Finally, Legacy Wealth Managment LLC ID acquired a new position 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 Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $63.30 on Monday. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $64.77. The firm has a market capitalization of $11.04 billion, a PE ratio of 27.80 and a beta of 1.06. The firm’s 50-day moving average price is $61.41 and its 200 day moving average price is $59.61.

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.