Sapient Capital LLC Sells 23,502 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Sapient Capital LLC lowered its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 31.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 51,638 shares of the company’s stock after selling 23,502 shares during the quarter. Sapient Capital LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Wealth Management bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth $30,000. Hager Investment Management Services LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth about $30,000. Decker Retirement Planning Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $34,000. Concord Wealth Partners purchased a new stake in Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at about $47,000. Finally, Golden State Wealth Management LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $58,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $51.00 on Tuesday. The firm’s 50 day moving average price is $50.67 and its 200-day moving average price is $48.30. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.75 and a 52-week high of $51.80. The company has a market cap of $4.97 billion, a PE ratio of 2.92 and a beta of 1.08.

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.