Money Concepts Capital Corp Reduces Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Money Concepts Capital Corp decreased its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,257 shares of the company’s stock after selling 1,949 shares during the quarter. Money Concepts Capital Corp’s holdings in Invesco S&P 500 Top 50 ETF were worth $562,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in XLG. Brookstone Capital Management grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 16.4% during the third quarter. Brookstone Capital Management now owns 91,675 shares of the company’s stock worth $4,357,000 after purchasing an additional 12,908 shares during the last quarter. CWM LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.3% during the third quarter. CWM LLC now owns 32,777 shares of the company’s stock worth $1,558,000 after purchasing an additional 436 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth about $320,000. Rappaport Reiches Capital Management LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 12.4% during the third quarter. Rappaport Reiches Capital Management LLC now owns 17,507 shares of the company’s stock worth $832,000 after purchasing an additional 1,938 shares during the last quarter. Finally, Pacific Sun Financial Corp grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 11.4% during the third quarter. Pacific Sun Financial Corp now owns 5,535 shares of the company’s stock worth $263,000 after purchasing an additional 565 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $51.22 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.75 and a fifty-two week high of $51.80. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The firm has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $48.22.

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.