Claro Advisors LLC Lowers Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Claro Advisors LLC trimmed its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,053 shares of the company’s stock after selling 461 shares during the quarter. Claro Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 5.0% in the 3rd 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. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock worth $34,396,000 after buying an additional 24,527 shares during the period. Cetera Investment Advisers grew its stake in shares of Invesco S&P 500 Top 50 ETF by 37.9% in the second quarter. Cetera Investment Advisers now owns 251,440 shares of the company’s stock valued at $11,503,000 after buying an additional 69,107 shares in the last quarter. Keystone Wealth Services LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 5.5% during the 3rd quarter. Keystone Wealth Services LLC now owns 47,023 shares of the company’s stock valued at $2,235,000 after buying an additional 2,457 shares during the period. Finally, Bank of Montreal Can lifted its position in Invesco S&P 500 Top 50 ETF by 4.4% during the 2nd quarter. Bank of Montreal Can now owns 57,019 shares of the company’s stock worth $2,618,000 after acquiring an additional 2,425 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 0.4 %

Shares of NYSEARCA:XLG opened at $49.22 on Wednesday. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The company has a 50 day moving average of $50.14 and a two-hundred day moving average of $47.79. Invesco S&P 500 Top 50 ETF has a 52-week low of $37.67 and a 52-week high of $51.76.

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.