Focus Financial Network Inc. Decreases Position in Invesco S&P 500 Top 50 ETF $XLG

Focus Financial Network Inc. lessened its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 73.9% during the second quarter, HoldingsChannel reports. The firm owned 18,271 shares of the company’s stock after selling 51,610 shares during the period. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of XLG. IFC & Insurance Marketing Inc. raised its stake in shares of Invesco S&P 500 Top 50 ETF by 8.3% in the second quarter. IFC & Insurance Marketing Inc. now owns 113,274 shares of the company’s stock valued at $6,936,000 after buying an additional 8,662 shares during the period. Beacon Investment Advisory Services Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $61,000. First Heartland Consultants Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 8.2% in the 2nd quarter. First Heartland Consultants Inc. now owns 12,280 shares of the company’s stock valued at $752,000 after acquiring an additional 934 shares during the period. Green Ridge Wealth Planning LLC raised its stake in Invesco S&P 500 Top 50 ETF by 2.9% in the 2nd quarter. Green Ridge Wealth Planning LLC now owns 228,719 shares of the company’s stock valued at $14,004,000 after acquiring an additional 6,514 shares during the period. Finally, Eclectic Associates Inc. ADV purchased a new stake in Invesco S&P 500 Top 50 ETF during the second quarter valued at about $223,000.

Invesco S&P 500 Top 50 ETF Stock Down 0.7%

Shares of NYSEARCA:XLG opened at $62.73 on Wednesday. The firm has a market capitalization of $10.94 billion, a PE ratio of 27.80 and a beta of 1.06. The company has a 50-day moving average price of $61.35 and a two-hundred day moving average price of $59.69. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $64.77.

Invesco S&P 500 Top 50 ETF Company 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.