McAdam LLC Decreases Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

McAdam LLC lessened its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 15.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,137 shares of the company’s stock after selling 10,640 shares during the quarter. McAdam LLC owned 0.06% of Invesco S&P 500 Top 50 ETF worth $2,668,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. LPL Financial LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 7,237,697 shares of the company’s stock valued at $331,125,000 after acquiring an additional 448,925 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Invesco S&P 500 Top 50 ETF by 20.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock valued at $59,721,000 after purchasing an additional 223,301 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 7.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock valued at $42,451,000 after buying an additional 60,665 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco S&P 500 Top 50 ETF by 20.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock valued at $40,044,000 after acquiring an additional 151,025 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Invesco S&P 500 Top 50 ETF by 69.7% during the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after acquiring an additional 335,532 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG opened at $47.94 on Thursday. The firm’s 50-day moving average is $46.84 and its two-hundred day moving average is $44.98. The company has a market capitalization of $4.67 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12-month low of $32.74 and a 12-month high of $48.74.

About Invesco S&P 500 Top 50 ETF

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.