Viawealth LLC Sells 641 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Viawealth LLC cut its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,935 shares of the company’s stock after selling 641 shares during the period. Viawealth LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $112,591,000. Independent Advisor Alliance bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $38,858,000. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 10.2% in the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after purchasing an additional 741,770 shares in the last quarter. Bank Hapoalim BM purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $13,289,000. Finally, PMG Wealth Management Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at approximately $11,276,000.

Invesco S&P 500 Top 50 ETF Stock Up 1.2 %

Shares of NYSEARCA:XLG opened at $46.75 on Thursday. The firm has a 50 day moving average of $49.73 and a 200 day moving average of $49.04. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 26.40 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80.

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.