NewEdge Advisors LLC Trims Position in Invesco S&P 500 Top 50 ETF $XLG

NewEdge Advisors LLC lowered its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 22.0% in the first quarter, Holdings Channel reports. The institutional investor owned 189,148 shares of the company’s stock after selling 53,340 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $10,318,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Osaic Holdings Inc. increased its stake in Invesco S&P 500 Top 50 ETF by 66.1% during the fourth quarter. Osaic Holdings Inc. now owns 2,838,230 shares of the company’s stock worth $168,251,000 after acquiring an additional 1,129,519 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock worth $684,942,000 after purchasing an additional 856,661 shares during the period. Ameriprise Financial Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 46.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock worth $132,108,000 after purchasing an additional 729,356 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 25.8% during the 2nd quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock worth $149,398,000 after purchasing an additional 588,257 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 1,359.5% in the 4th quarter. Brown Advisory Inc. now owns 560,799 shares of the company’s stock valued at $33,244,000 after buying an additional 522,375 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $63.30 on Monday. The firm has a market cap of $11.04 billion, a PE ratio of 27.80 and a beta of 1.06. The company has a 50-day moving average of $61.41 and a two-hundred day moving average of $59.61. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.60 and a 1-year high of $64.77.

About Invesco S&P 500 Top 50 ETF

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.