Portus Wealth Advisors LLC cut its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 96.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,997 shares of the company’s stock after selling 47,761 shares during the period. Portus Wealth Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $109,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in XLG. Birchbrook Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth approximately $27,000. Deutsche Bank AG purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $27,000. Group One Trading LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 100.9% in the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after acquiring an additional 57,871 shares in the last quarter. Godsey & Gibb Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $30,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $38,000.
Invesco S&P 500 Top 50 ETF Stock Performance
NYSEARCA XLG opened at $59.30 on Monday. The firm’s 50 day moving average price is $62.01 and its two-hundred day moving average price is $59.22. Invesco S&P 500 Top 50 ETF has a twelve month low of $51.47 and a twelve month high of $64.77. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05.
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.
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