Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Sold by Money Concepts Capital Corp

Money Concepts Capital Corp reduced its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,257 shares of the company’s stock after selling 1,949 shares during the period. Money Concepts Capital Corp’s holdings in Invesco S&P 500 Top 50 ETF were worth $562,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 10.2% in the third quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after acquiring an additional 741,770 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 8.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock valued at $58,702,000 after buying an additional 89,392 shares during the last quarter. HighTower Advisors LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 27.7% in the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after buying an additional 200,879 shares during the last quarter. Raymond James & Associates increased its holdings in Invesco S&P 500 Top 50 ETF by 69.7% in the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after buying an additional 335,532 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Invesco S&P 500 Top 50 ETF by 22.0% in the third quarter. Thrivent Financial for Lutherans now owns 810,478 shares of the company’s stock valued at $38,522,000 after buying an additional 146,219 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA:XLG opened at $51.22 on Friday. The firm has a market capitalization of $4.99 billion, a PE ratio of 2.92 and a beta of 1.08. The business’s fifty day moving average price is $50.61 and its 200 day moving average price is $48.22. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.75 and a 12 month high of $51.80.

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.