Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Stake Decreased by Financial Services Advisory Inc

Financial Services Advisory Inc trimmed its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 33.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,420 shares of the company’s stock after selling 17,084 shares during the quarter. Financial Services Advisory Inc’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,588,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $49.10 on Thursday. The business has a 50 day moving average price of $47.18 and a two-hundred day moving average price of $45.46. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1-year low of $34.99 and a 1-year high of $49.15.

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.