Institute for Wealth Management LLC. Cuts Stock Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Institute for Wealth Management LLC. trimmed its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,465 shares of the company’s stock after selling 3,786 shares during the period. Institute for Wealth Management LLC. owned 0.08% of Invesco S&P 500 Top 50 ETF worth $2,092,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Iron Horse Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter worth $25,000. Harbour Investments Inc. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 901.2% in the 3rd quarter. Harbour Investments Inc. now owns 851 shares of the company’s stock worth $29,000 after buying an additional 766 shares in the last quarter. Financial Gravity Asset Management Inc. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 172.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 955 shares of the company’s stock worth $32,000 after buying an additional 605 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 904.1% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 984 shares of the company’s stock worth $33,000 after buying an additional 886 shares in the last quarter. Finally, Archer Investment Corp grew its stake in shares of Invesco S&P 500 Top 50 ETF by 900.0% in the 3rd quarter. Archer Investment Corp now owns 1,030 shares of the company’s stock worth $35,000 after buying an additional 927 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG traded down $0.66 on Friday, reaching $39.88. The company’s stock had a trading volume of 1,575,769 shares, compared to its average volume of 1,143,709. Invesco S&P 500 Top 50 ETF has a 52-week low of $30.81 and a 52-week high of $42.53. The company has a market cap of $3.93 billion, a P/E ratio of 2.95 and a beta of 1.08. The company has a 50-day simple moving average of $41.41 and a 200 day simple moving average of $38.31.

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.