Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Sold by Davies Financial Advisors Inc.

Davies Financial Advisors Inc. decreased its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,930 shares of the company’s stock after selling 323 shares during the quarter. Davies Financial Advisors Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $900,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Rappaport Reiches Capital Management LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 12.4% in the third quarter. Rappaport Reiches Capital Management LLC now owns 17,507 shares of the company’s stock valued at $832,000 after purchasing an additional 1,938 shares during the period. Keeler & Nadler Financial Planning & Wealth Management purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter worth about $320,000. CWM LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 1.3% in the third quarter. CWM LLC now owns 32,777 shares of the company’s stock worth $1,558,000 after buying an additional 436 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 16.4% in the third quarter. Brookstone Capital Management now owns 91,675 shares of the company’s stock worth $4,357,000 after buying an additional 12,908 shares in the last quarter. Finally, SignalPoint Asset Management LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 0.8% in the third quarter. SignalPoint Asset Management LLC now owns 91,253 shares of the company’s stock worth $4,313,000 after buying an additional 689 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG traded up $0.05 during midday trading on Friday, hitting $47.91. The company’s stock had a trading volume of 253,425 shares, compared to its average volume of 1,437,795. The business’s 50 day simple moving average is $45.98 and its 200 day simple moving average is $44.54. The company has a market cap of $4.67 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12-month low of $32.74 and a 12-month high of $48.05.

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.