28,831 Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 44.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 35,610 shares of the company’s stock after selling 28,831 shares during the period. Sowell Financial Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,265,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $510,000. Wedbush Securities Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the third quarter worth approximately $2,674,000. Insight Advisors LLC PA increased its stake in Invesco S&P 500 Top 50 ETF by 12.3% during the 3rd quarter. Insight Advisors LLC PA now owns 13,054 shares of the company’s stock worth $830,000 after acquiring an additional 1,425 shares during the period. Demars Financial Group LLC increased its stake in Invesco S&P 500 Top 50 ETF by 3.6% during the 3rd quarter. Demars Financial Group LLC now owns 804,452 shares of the company’s stock worth $51,171,000 after acquiring an additional 28,031 shares during the period. Finally, Royal Fund Management LLC increased its stake in Invesco S&P 500 Top 50 ETF by 10.6% during the 3rd quarter. Royal Fund Management LLC now owns 43,907 shares of the company’s stock worth $2,793,000 after acquiring an additional 4,202 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 2.3%

XLG opened at $61.47 on Friday. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The company has a 50-day simple moving average of $63.29 and a 200 day simple moving average of $60.66. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $65.26.

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.