Keystone Wealth Services LLC Reduces Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Keystone Wealth Services LLC trimmed its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 49.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,660 shares of the company’s stock after selling 23,363 shares during the period. Keystone Wealth Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 10.2% during the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after acquiring an additional 741,770 shares in the last quarter. Bank Hapoalim BM purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $13,289,000. PMG Wealth Management Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $11,276,000. HighTower Advisors LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 27.7% during the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after buying an additional 200,879 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 66.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 476,332 shares of the company’s stock valued at $23,798,000 after buying an additional 190,180 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $49.62 on Monday. The firm’s fifty day moving average price is $50.66 and its 200 day moving average price is $48.99. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.75 and a 12 month high of $51.80. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 29.57 and a beta of 1.01.

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.