D.A. Davidson & CO. Reduces Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

D.A. Davidson & CO. lowered its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,318 shares of the company’s stock after selling 27,006 shares during the period. D.A. Davidson & CO. owned 0.14% of Invesco S&P 500 Top 50 ETF worth $6,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 5.0% in the third quarter. Integrated Wealth Concepts LLC now owns 182,494 shares of the company’s stock worth $8,674,000 after purchasing an additional 8,687 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock worth $34,396,000 after purchasing an additional 24,527 shares during the period. Advisors Preferred LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth $1,101,000. First Heartland Consultants Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 4.1% in the third quarter. First Heartland Consultants Inc. now owns 9,807 shares of the company’s stock worth $466,000 after purchasing an additional 382 shares during the period. Finally, Cooper Financial Group increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 8.8% in the fourth quarter. Cooper Financial Group now owns 4,901 shares of the company’s stock worth $245,000 after purchasing an additional 398 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 0.3 %

XLG opened at $51.73 on Thursday. The stock has a market cap of $5.04 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80. The business’s fifty day simple moving average is $50.77 and its 200 day simple moving average is $48.65.

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.