Summit Asset Management LLC Sells 200 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Summit Asset Management LLC lessened its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,115 shares of the company’s stock after selling 200 shares during the period. Summit Asset Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XLG. Sequoia Financial Advisors LLC grew its position in Invesco S&P 500 Top 50 ETF by 3.0% in the third quarter. Sequoia Financial Advisors LLC now owns 25,796 shares of the company’s stock valued at $1,226,000 after acquiring an additional 745 shares during the last quarter. Consolidated Portfolio Review Corp grew its position in Invesco S&P 500 Top 50 ETF by 0.6% in the third quarter. Consolidated Portfolio Review Corp now owns 160,318 shares of the company’s stock valued at $7,620,000 after acquiring an additional 901 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Invesco S&P 500 Top 50 ETF by 28.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 774,712 shares of the company’s stock valued at $36,822,000 after acquiring an additional 173,566 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the third quarter valued at about $147,000. Finally, J.W. Cole Advisors Inc. grew its position in Invesco S&P 500 Top 50 ETF by 17.9% in the third quarter. J.W. Cole Advisors Inc. now owns 47,785 shares of the company’s stock valued at $2,271,000 after acquiring an additional 7,255 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 1.8 %

NYSEARCA:XLG opened at $50.58 on Friday. The stock has a market cap of $4.93 billion, a P/E ratio of 2.92 and a beta of 1.08. The stock’s 50-day moving average is $50.77 and its 200-day moving average is $48.72. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80.

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.