Invesco S&P 500 Top 50 ETF $XLG Stock: IFP Advisors Inc Decreases Holdings

IFP Advisors Inc trimmed its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 53.1% in the third quarter, Holdings Channel reports. The fund owned 23,234 shares of the company’s stock after selling 26,321 shares during the period. IFP Advisors Inc’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hutchens & Kramer Investment Management Group LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 0.9% in the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 65,226 shares of the company’s stock worth $4,149,000 after acquiring an additional 581 shares during the period. IFC & Insurance Marketing Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.1% in the third quarter. IFC & Insurance Marketing Inc. now owns 116,782 shares of the company’s stock valued at $7,434,000 after purchasing an additional 3,508 shares in the last quarter. Cyr Financial Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 7.6% in the third quarter. Cyr Financial Inc. now owns 287,091 shares of the company’s stock valued at $18,262,000 after purchasing an additional 20,287 shares in the last quarter. Perryman Financial Advisory Inc. AD purchased a new stake in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at approximately $3,119,000. Finally, Quattro Financial Advisors LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 42.8% during the third quarter. Quattro Financial Advisors LLC now owns 482,543 shares of the company’s stock valued at $30,695,000 after acquiring an additional 144,683 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA:XLG opened at $63.85 on Thursday. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.60 and a 1-year high of $65.26. The firm has a 50 day simple moving average of $63.29 and a 200-day simple moving average of $61.97. The firm has a market cap of $11.84 billion, a PE ratio of 27.80 and a beta of 1.06.

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.

The fund began operations in 2005 and is listed on NYSE Arca.