Invesco S&P 500 Top 50 ETF $XLG Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC trimmed its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 93.8% in the fourth quarter, HoldingsChannel reports. The firm owned 84,420 shares of the company’s stock after selling 1,268,887 shares during the period. Invesco S&P 500 Top 50 ETF makes up 4.3% of GPS Wealth Strategies Group LLC’s investment portfolio, making the stock its 3rd largest position. GPS Wealth Strategies Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $5,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XLG. MCF Advisors LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at about $27,000. Birchbrook Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $27,000. Godsey & Gibb Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $30,000. Legacy Wealth Managment LLC ID acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $38,000. Finally, Reyes Financial Architecture Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at about $55,000.

Invesco S&P 500 Top 50 ETF Stock Up 0.1%

Invesco S&P 500 Top 50 ETF stock opened at $63.56 on Friday. The firm has a 50-day moving average price of $58.71 and a two-hundred day moving average price of $58.65. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 52-week low of $47.93 and a 52-week high of $64.33.

About Invesco S&P 500 Top 50 ETF

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.