Goodwin Investment Advisory Sells 664 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Goodwin Investment Advisory reduced its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,053 shares of the company’s stock after selling 664 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises about 0.9% of Goodwin Investment Advisory’s portfolio, making the stock its 14th biggest position. Goodwin Investment Advisory owned approximately 0.07% of Invesco S&P 500 Top 50 ETF worth $1,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XLG. Cetera Investment Advisers raised its position in shares of Invesco S&P 500 Top 50 ETF by 2.2% during the first quarter. Cetera Investment Advisers now owns 1,683 shares of the company’s stock worth $592,000 after purchasing an additional 37 shares during the period. Citigroup Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 2.6% during the first quarter. Citigroup Inc. now owns 1,673 shares of the company’s stock worth $520,000 after buying an additional 42 shares during the last quarter. Smith Moore & CO. raised its holdings in Invesco S&P 500 Top 50 ETF by 7.3% during the first quarter. Smith Moore & CO. now owns 885 shares of the company’s stock worth $275,000 after buying an additional 60 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 71.0% in the first quarter. Bank of Montreal Can now owns 171 shares of the company’s stock valued at $61,000 after buying an additional 71 shares in the last quarter. Finally, Equitable Holdings Inc. grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 7.1% during the first quarter. Equitable Holdings Inc. now owns 1,134 shares of the company’s stock valued at $399,000 after buying an additional 75 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA:XLG traded down $0.29 during midday trading on Wednesday, hitting $40.64. 1,108,447 shares of the company’s stock were exchanged, compared to its average volume of 1,139,775. Invesco S&P 500 Top 50 ETF has a 12 month low of $30.81 and a 12 month high of $42.53. The company has a market cap of $4.00 billion, a PE ratio of 2.95 and a beta of 1.08. The stock has a 50 day moving average price of $41.41 and a 200-day moving average price of $38.28.

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.