Main Street Financial Solutions LLC Decreases Stock Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Main Street Financial Solutions LLC lessened its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 15.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,305 shares of the company’s stock after selling 1,343 shares during the period. Main Street Financial Solutions LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $347,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of XLG. Cetera Investment Advisers grew its stake in shares of Invesco S&P 500 Top 50 ETF by 37.9% in the 2nd quarter. Cetera Investment Advisers now owns 251,440 shares of the company’s stock worth $11,503,000 after buying an additional 69,107 shares in the last quarter. Keystone Wealth Services LLC grew its position in Invesco S&P 500 Top 50 ETF by 5.5% in the third quarter. Keystone Wealth Services LLC now owns 47,023 shares of the company’s stock worth $2,235,000 after acquiring an additional 2,457 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Invesco S&P 500 Top 50 ETF by 45.4% during the first quarter. Avantax Advisory Services Inc. now owns 13,351 shares of the company’s stock worth $562,000 after acquiring an additional 4,168 shares during the last quarter. Cooper Financial Group purchased a new stake in Invesco S&P 500 Top 50 ETF during the second quarter valued at approximately $206,000. Finally, First Heartland Consultants Inc. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 63.5% in the 2nd quarter. First Heartland Consultants Inc. now owns 9,425 shares of the company’s stock valued at $431,000 after purchasing an additional 3,660 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $49.45 on Friday. The business’s 50 day moving average price is $47.56 and its 200-day moving average price is $45.77. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $36.06 and a fifty-two week high of $49.92. The company has a market cap of $4.82 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.