Financial Services Advisory Inc Sells 17,084 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Financial Services Advisory Inc reduced its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 33.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,420 shares of the company’s stock after selling 17,084 shares during the quarter. Financial Services Advisory Inc’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC increased its stake in Invesco S&P 500 Top 50 ETF by 6.6% in the 2nd quarter. LPL Financial LLC now owns 7,237,697 shares of the company’s stock valued at $331,125,000 after buying an additional 448,925 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 20.6% in 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 acquiring an additional 223,301 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings 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 worth $42,451,000 after acquiring an additional 60,665 shares in the last quarter. Envestnet Asset Management Inc. boosted 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 purchasing an additional 151,025 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Invesco S&P 500 Top 50 ETF by 69.7% in the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after purchasing an additional 335,532 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 2.6 %

NYSEARCA:XLG opened at $49.10 on Thursday. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a twelve month low of $34.99 and a twelve month high of $49.15. The stock’s 50 day moving average price is $47.18 and its two-hundred day moving average price is $45.46.

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.