Redhawk Wealth Advisors Inc. Sells 364,597 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Redhawk Wealth Advisors Inc. lessened its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 90.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,232 shares of the company’s stock after selling 364,597 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,851,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $26,000. Millstone Evans Group LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $32,000. Transce3nd LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $47,000. Rothschild Investment LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $50,000. Finally, Kiker Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $50,000.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $50.66 on Wednesday. The firm has a 50-day simple moving average of $46.59 and a 200 day simple moving average of $48.58. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.50 and a twelve month high of $51.80. The stock has a market cap of $9.12 billion, a PE ratio of 26.13 and a beta of 1.05.

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.