Transcend Capital Advisors LLC Sells 2,126 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Transcend Capital Advisors LLC lessened its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 80,325 shares of the company’s stock after selling 2,126 shares during the period. Transcend Capital Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XLG. Hager Investment Management Services LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $30,000. Abound Wealth Management purchased a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $30,000. Decker Retirement Planning Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth about $34,000. Concord Wealth Partners bought a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter worth about $47,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $58,000.

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

XLG opened at $51.53 on Friday. The stock’s fifty day moving average is $50.77 and its two-hundred day moving average is $48.65. The company has a market capitalization of $5.02 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80.

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.