Goodwin Investment Advisory Sells 664 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Goodwin Investment Advisory cut its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,053 shares of the company’s stock after selling 664 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises 0.9% of Goodwin Investment Advisory’s investment portfolio, making the stock its 14th biggest holding. Goodwin Investment Advisory’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in Invesco S&P 500 Top 50 ETF by 1,154.0% during the 3rd quarter. LPL Financial LLC now owns 4,598,014 shares of the company’s stock valued at $156,149,000 after acquiring an additional 4,231,355 shares during the period. Morgan Stanley lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 1,119.9% during the third quarter. Morgan Stanley now owns 3,079,024 shares of the company’s stock valued at $104,564,000 after purchasing an additional 2,826,631 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 2,249.1% during the third quarter. Ameriprise Financial Inc. now owns 1,918,023 shares of the company’s stock valued at $65,132,000 after purchasing an additional 1,836,373 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 897.9% in the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,577,870 shares of the company’s stock worth $53,584,000 after buying an additional 1,419,748 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Invesco S&P 500 Top 50 ETF by 899.0% in the 3rd quarter. UBS Group AG now owns 1,522,981 shares of the company’s stock worth $51,720,000 after buying an additional 1,370,533 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 0.7 %

NYSEARCA:XLG traded down $0.29 during trading hours on Wednesday, reaching $40.64. 1,108,447 shares of the company traded hands, compared to its average volume of 1,139,775. Invesco S&P 500 Top 50 ETF has a 1 year low of $30.81 and a 1 year high of $42.53. The stock has a market capitalization of $4.00 billion, a P/E ratio of 2.95 and a beta of 1.08. The business’s 50-day moving average price is $41.41 and its two-hundred day moving average price is $38.28.

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.