Invesco S&P 500 Top 50 ETF $XLG Shares Sold by Northwestern Mutual Wealth Management Co.
by Scott Moore · The Cerbat GemNorthwestern Mutual Wealth Management Co. trimmed its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,680,724 shares of the company’s stock after selling 39,690 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Top 50 ETF were worth $87,566,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in XLG. Cullen Frost Bankers Inc. raised its position in Invesco S&P 500 Top 50 ETF by 0.8% during the second quarter. Cullen Frost Bankers Inc. now owns 22,335 shares of the company’s stock worth $1,164,000 after acquiring an additional 188 shares during the period. Balboa Wealth Partners lifted its stake in Invesco S&P 500 Top 50 ETF by 2.2% in the 2nd quarter. Balboa Wealth Partners now owns 9,660 shares of the company’s stock valued at $503,000 after buying an additional 210 shares in the last quarter. Smith Salley Wealth Management boosted its holdings in Invesco S&P 500 Top 50 ETF by 2.9% in the 2nd quarter. Smith Salley Wealth Management now owns 7,555 shares of the company’s stock worth $394,000 after buying an additional 215 shares during the last quarter. Pacific Sun Financial Corp increased its stake in Invesco S&P 500 Top 50 ETF by 3.2% during the 2nd quarter. Pacific Sun Financial Corp now owns 6,839 shares of the company’s stock worth $356,000 after buying an additional 215 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 13.3% during the second quarter. Concord Wealth Partners now owns 1,853 shares of the company’s stock valued at $97,000 after acquiring an additional 217 shares during the last quarter.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of XLG opened at $59.59 on Friday. The stock has a 50 day moving average price of $58.33 and a 200 day moving average price of $54.64. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.
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.
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