D.A. Davidson & CO. Sells 27,006 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

D.A. Davidson & CO. decreased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,318 shares of the company’s stock after selling 27,006 shares during the period. D.A. Davidson & CO.’s holdings in Invesco S&P 500 Top 50 ETF were worth $6,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 5.0% during the third quarter. Integrated Wealth Concepts LLC now owns 182,494 shares of the company’s stock valued at $8,674,000 after purchasing an additional 8,687 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invesco S&P 500 Top 50 ETF by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock valued at $34,396,000 after purchasing an additional 24,527 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at approximately $1,101,000. First Heartland Consultants Inc. increased its stake in shares of Invesco S&P 500 Top 50 ETF by 4.1% during the third quarter. First Heartland Consultants Inc. now owns 9,807 shares of the company’s stock valued at $466,000 after purchasing an additional 382 shares in the last quarter. Finally, Cooper Financial Group increased its position in shares of Invesco S&P 500 Top 50 ETF by 8.8% during the fourth quarter. Cooper Financial Group now owns 4,901 shares of the company’s stock valued at $245,000 after acquiring an additional 398 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.3 %

Shares of XLG opened at $51.73 on Thursday. The company has a market capitalization of $5.04 billion, a P/E ratio of 2.92 and a beta of 1.08. The firm has a 50 day moving average of $50.77 and a 200 day moving average of $48.65. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.75 and a twelve month high of $51.80.

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.