Sapient Capital LLC Reduces Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Sapient Capital LLC reduced its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,638 shares of the company’s stock after selling 23,502 shares during the quarter. Sapient Capital LLC owned about 0.05% of Invesco S&P 500 Top 50 ETF worth $2,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Abound Wealth Management purchased a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $30,000. Hager Investment Management Services LLC bought a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $30,000. Decker Retirement Planning Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $34,000. Concord Wealth Partners bought a new stake in Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at approximately $47,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $58,000.

Invesco S&P 500 Top 50 ETF Stock Up 0.8 %

NYSEARCA XLG opened at $51.00 on Tuesday. The stock’s 50 day moving average is $50.67 and its 200 day moving average is $48.30. The firm has a market capitalization of $4.97 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.75 and a twelve month high of $51.80.

Invesco S&P 500 Top 50 ETF Company 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.