Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Sold by PSI Advisors LLC

PSI Advisors LLC trimmed its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,799 shares of the company’s stock after selling 521 shares during the quarter. PSI Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,179,000 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. LPL Financial LLC grew its position in Invesco S&P 500 Top 50 ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 7,237,697 shares of the company’s stock worth $331,125,000 after purchasing an additional 448,925 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 20.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock valued at $59,721,000 after buying an additional 223,301 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in Invesco S&P 500 Top 50 ETF by 7.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock valued at $42,451,000 after buying an additional 60,665 shares during the period. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Top 50 ETF by 20.9% during the second quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock valued at $40,044,000 after buying an additional 151,025 shares during the period. Finally, Raymond James & Associates lifted its stake in Invesco S&P 500 Top 50 ETF by 69.7% in the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after acquiring an additional 335,532 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA:XLG opened at $47.94 on Thursday. The stock has a market cap of $4.67 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $32.74 and a fifty-two week high of $48.74. The stock’s 50-day moving average is $46.84 and its two-hundred day moving average is $44.98.

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.