Focus Financial Network Inc. Sells 359 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Focus Financial Network Inc. decreased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 14,283 shares of the company’s stock after selling 359 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 10.2% during the third quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after buying an additional 741,770 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 8.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock valued at $58,702,000 after acquiring an additional 89,392 shares in the last quarter. Principle Wealth Partners LLC increased its position in Invesco S&P 500 Top 50 ETF by 11.4% during the 4th quarter. Principle Wealth Partners LLC now owns 1,092,153 shares of the company’s stock valued at $54,564,000 after purchasing an additional 112,147 shares during the period. HighTower Advisors LLC raised its holdings 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 in the last quarter. Finally, Raymond James & Associates lifted its position in shares of 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.

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

Shares of XLG opened at $50.94 on Thursday. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The firm’s 50-day moving average price is $50.70 and its 200-day moving average price is $48.39.

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.