Walker Asset Management LLC Lowers Stock Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Walker Asset Management LLC decreased its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,415 shares of the company’s stock after selling 259 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 1.0% of Walker Asset Management LLC’s portfolio, making the stock its 16th largest position. Walker Asset Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,588,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 37.9% during the 2nd quarter. Cetera Investment Advisers now owns 251,440 shares of the company’s stock valued at $11,503,000 after acquiring an additional 69,107 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the first quarter worth about $1,277,000. Keystone Wealth Services LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 5.5% in the third quarter. Keystone Wealth Services LLC now owns 47,023 shares of the company’s stock valued at $2,235,000 after purchasing an additional 2,457 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 1st quarter valued at approximately $480,000. Finally, Avantax Advisory Services Inc. increased its holdings in Invesco S&P 500 Top 50 ETF by 45.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,351 shares of the company’s stock worth $562,000 after purchasing an additional 4,168 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 0.1 %

Shares of XLG traded down $0.04 during trading on Thursday, reaching $47.90. The company’s stock had a trading volume of 385,298 shares, compared to its average volume of 1,417,175. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The company has a fifty day moving average of $46.84 and a two-hundred day moving average of $44.98. Invesco S&P 500 Top 50 ETF has a twelve month low of $32.74 and a twelve month high of $48.74.

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.