Burns Matteson Capital Management LLC Sells 289 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Burns Matteson Capital Management LLC lowered its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,170 shares of the company’s stock after selling 289 shares during the period. Burns Matteson Capital Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $208,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of XLG. LPL Financial LLC raised its stake in Invesco S&P 500 Top 50 ETF by 10.2% in the third 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. GPS Wealth Strategies Group LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 8.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock worth $58,702,000 after buying an additional 89,392 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 27.7% during the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after buying an additional 200,879 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of 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 acquiring an additional 335,532 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Invesco S&P 500 Top 50 ETF by 22.0% in the third quarter. Thrivent Financial for Lutherans now owns 810,478 shares of the company’s stock worth $38,522,000 after acquiring an additional 146,219 shares in the last quarter.

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

XLG opened at $50.60 on Monday. The business’s fifty day simple moving average is $50.67 and its 200 day simple moving average is $48.28. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80. The stock has a market cap of $4.93 billion, a PE 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.