Concourse Financial Group Securities Inc. Reduces Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Concourse Financial Group Securities Inc. trimmed its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 15.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 45,423 shares of the company’s stock after selling 8,223 shares during the period. Concourse Financial Group Securities Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,333,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Valley Brook Capital Group Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 6.4% in the 4th quarter. Valley Brook Capital Group Inc. now owns 5,855 shares of the company’s stock valued at $293,000 after purchasing an additional 350 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 3.0% during the fourth quarter. Joel Isaacson & Co. LLC now owns 12,587 shares of the company’s stock valued at $629,000 after buying an additional 368 shares during the period. Jackson Wealth Management LLC boosted its position in Invesco S&P 500 Top 50 ETF by 0.3% during the fourth quarter. Jackson Wealth Management LLC now owns 140,525 shares of the company’s stock worth $7,021,000 after acquiring an additional 376 shares during the last quarter. Cooper Financial Group grew its stake in Invesco S&P 500 Top 50 ETF by 8.8% in the 4th quarter. Cooper Financial Group now owns 4,901 shares of the company’s stock worth $245,000 after acquiring an additional 398 shares during the period. Finally, Principal Securities Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 0.4% in the 4th quarter. Principal Securities Inc. now owns 99,197 shares of the company’s stock valued at $4,956,000 after acquiring an additional 418 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 0.2 %

XLG stock opened at $43.19 on Friday. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 26.47 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $51.80. The stock’s fifty day simple moving average is $46.91 and its 200-day simple moving average is $48.74.

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.