Mirae Asset Global Investments Co. Ltd. Trims Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 332,000 shares of the company’s stock after selling 76,000 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.34% of Invesco S&P 500 Top 50 ETF worth $15,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in Invesco S&P 500 Top 50 ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 7,237,697 shares of the company’s stock valued at $331,125,000 after acquiring an additional 448,925 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Invesco S&P 500 Top 50 ETF by 20.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock worth $59,721,000 after purchasing an additional 223,301 shares during the period. GPS Wealth Strategies Group LLC increased its position in Invesco S&P 500 Top 50 ETF by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock worth $42,451,000 after purchasing an additional 60,665 shares during the period. Envestnet Asset Management Inc. increased its position in Invesco S&P 500 Top 50 ETF by 20.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock worth $40,044,000 after purchasing an additional 151,025 shares during the period. Finally, Raymond James & Associates increased its position in Invesco S&P 500 Top 50 ETF by 69.7% during the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after purchasing an additional 335,532 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Up 0.2 %

NYSEARCA XLG opened at $48.29 on Friday. The business’s 50 day moving average is $46.93 and its two-hundred day moving average is $45.06. Invesco S&P 500 Top 50 ETF has a 12-month low of $32.74 and a 12-month high of $48.74. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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.