Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 4.9% in the first quarter, Holdings Channel reports. The firm owned 1,569,561 shares of the company’s stock after selling 81,556 shares during the period. Royal Bank of Canada’s holdings in Invesco S&P 500 Top 50 ETF were worth $85,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Birchbrook Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $27,000. Deutsche Bank AG purchased a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $27,000. Godsey & Gibb Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $30,000. Group One Trading LLC grew its stake in Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after buying an additional 57,871 shares during the period. Finally, Legacy Wealth Managment LLC ID acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth $38,000.

Invesco S&P 500 Top 50 ETF Stock Up 1.1%

Invesco S&P 500 Top 50 ETF stock opened at $60.77 on Friday. The firm has a fifty day moving average of $61.52 and a 200-day moving average of $59.48. Invesco S&P 500 Top 50 ETF has a 52-week low of $52.60 and a 52-week high of $64.77. The firm has a market capitalization of $10.62 billion, a P/E ratio of 27.80 and a beta of 1.06.

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. 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.