11,306 Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Avestar Capital LLC

Avestar Capital LLC cut its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 29.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,020 shares of the company’s stock after selling 11,306 shares during the quarter. Avestar Capital LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Modera Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter worth about $342,000. Partners Wealth Management LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 3.3% during the third quarter. Partners Wealth Management LLC now owns 10,977 shares of the company’s stock valued at $698,000 after purchasing an additional 349 shares in the last quarter. Soltis Investment Advisors LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 6.2% during the third quarter. Soltis Investment Advisors LLC now owns 6,899 shares of the company’s stock valued at $439,000 after purchasing an additional 405 shares in the last quarter. Founders Financial Securities LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at $368,000. Finally, D.A. Davidson & CO. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth $8,506,000.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $61.47 on Friday. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $65.26. The company has a market capitalization of $11.51 billion, a PE ratio of 27.80 and a beta of 1.06. The company has a fifty day moving average of $63.29 and a 200 day moving average of $60.66.

About Invesco S&P 500 Top 50 ETF

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.