26,321 Invesco S&P 500 Top 50 ETF $XLG Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 53.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,234 shares of the company’s stock after selling 26,321 shares during the quarter. IFP Advisors Inc’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in Invesco S&P 500 Top 50 ETF by 77.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,654 shares of the company’s stock valued at $2,394,000 after acquiring an additional 16,813 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Invesco S&P 500 Top 50 ETF by 9.1% during the second quarter. Concurrent Investment Advisors LLC now owns 153,999 shares of the company’s stock worth $9,444,000 after acquiring an additional 12,814 shares during the last quarter. Aspire Capital Advisors LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 17.3% during the 2nd quarter. Aspire Capital Advisors LLC now owns 94,434 shares of the company’s stock worth $5,782,000 after purchasing an additional 13,913 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the first quarter valued at about $1,475,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $9,532,000.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $63.85 on Thursday. The company has a market cap of $11.84 billion, a P/E ratio of 27.80 and a beta of 1.06. The stock has a 50-day moving average of $63.29 and a two-hundred day moving average of $61.97. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.60 and a 1-year high of $65.26.

Invesco S&P 500 Top 50 ETF Company 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.