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

Burns Matteson Capital Management LLC reduced its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 quarter.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 10.2% in the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after acquiring an additional 741,770 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in 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 purchasing an additional 89,392 shares in the last quarter. HighTower Advisors LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 27.7% in the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after purchasing an additional 200,879 shares during the period. Raymond James & Associates boosted its stake in Invesco S&P 500 Top 50 ETF by 69.7% in the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after purchasing an additional 335,532 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Invesco S&P 500 Top 50 ETF by 22.0% during 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 during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $50.60 on Monday. The company has a market cap of $4.93 billion, a P/E 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 firm’s fifty day moving average is $50.67 and its two-hundred day moving average is $48.28.

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.