Diversified LLC Cuts Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Diversified LLC lowered its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,316 shares of the company’s stock after selling 1,773 shares during the period. Diversified LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XLG. Per Stirling Capital Management LLC. bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $1,133,000. Spire Wealth Management lifted its position in Invesco S&P 500 Top 50 ETF by 9.9% in the 4th quarter. Spire Wealth Management now owns 5,666 shares of the company’s stock valued at $220,000 after acquiring an additional 511 shares in the last quarter. Assetmark Inc. lifted its position in Invesco S&P 500 Top 50 ETF by 77.6% in the 4th quarter. Assetmark Inc. now owns 2,581 shares of the company’s stock valued at $97,000 after acquiring an additional 1,128 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Invesco S&P 500 Top 50 ETF by 21.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 223,298 shares of the company’s stock valued at $8,423,000 after acquiring an additional 39,663 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $2,362,000.

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

XLG stock traded up $0.52 during midday trading on Friday, hitting $46.69. The company’s stock had a trading volume of 1,362,768 shares, compared to its average volume of 1,496,228. The company has a market cap of $4.55 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12 month low of $32.74 and a 12 month high of $47.99. The firm’s 50-day moving average is $45.75 and its 200-day moving average is $43.24.

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.