Western Wealth Management LLC Sells 103,854 Shares of Invesco S&P 500 Top 50 ETF $XLG

Western Wealth Management LLC reduced its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 65.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 55,526 shares of the company’s stock after selling 103,854 shares during the quarter. Western Wealth Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Birchbrook Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $27,000. Deutsche Bank AG bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $27,000. Godsey & Gibb Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $30,000. Group One Trading LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 100.9% in the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after purchasing an additional 57,871 shares during the period. Finally, Legacy Wealth Managment LLC ID acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth $38,000.

Invesco S&P 500 Top 50 ETF Stock Up 1.1%

Shares of NYSEARCA XLG opened at $60.77 on Friday. The company’s fifty day moving average is $61.52 and its 200-day moving average is $59.48. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. 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 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.