NewEdge Advisors LLC Has $7.25 Million Holdings in Invesco S&P 500 Top 50 ETF $XLG

NewEdge Advisors LLC decreased its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 45.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 132,842 shares of the company’s stock after selling 109,646 shares during the period. NewEdge Advisors LLC owned about 0.08% of Invesco S&P 500 Top 50 ETF worth $7,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great Diamond Partners LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.0% during the 4th quarter. Great Diamond Partners LLC now owns 18,199 shares of the company’s stock valued at $1,079,000 after acquiring an additional 175 shares during the last quarter. Diversified Enterprises LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 0.5% in the fourth quarter. Diversified Enterprises LLC now owns 33,492 shares of the company’s stock valued at $1,985,000 after purchasing an additional 180 shares during the last quarter. Horizon Wealth Management LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 1.0% in the fourth quarter. Horizon Wealth Management LLC now owns 19,032 shares of the company’s stock worth $1,128,000 after purchasing an additional 180 shares during the period. Compass Capital Corp MA ADV increased its stake in shares of Invesco S&P 500 Top 50 ETF by 5.1% in the fourth quarter. Compass Capital Corp MA ADV now owns 3,877 shares of the company’s stock worth $227,000 after purchasing an additional 188 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 0.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 23,191 shares of the company’s stock worth $1,375,000 after purchasing an additional 203 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $60.13 on Friday. The stock has a 50-day simple moving average of $61.57 and a 200 day simple moving average of $59.47. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $64.77. The stock has a market capitalization of $10.51 billion, a PE ratio of 27.80 and a beta of 1.06.

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.