Envestnet Portfolio Solutions Inc. Sells 696 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Envestnet Portfolio Solutions Inc. lowered its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,350 shares of the company’s stock after selling 696 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,217,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 5.0% during the third quarter. Integrated Wealth Concepts LLC now owns 182,494 shares of the company’s stock valued at $8,674,000 after buying an additional 8,687 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock valued at $34,396,000 after purchasing an additional 24,527 shares in the last quarter. Truist Financial Corp increased its position in Invesco S&P 500 Top 50 ETF by 1.5% in the fourth quarter. Truist Financial Corp now owns 29,649 shares of the company’s stock worth $1,481,000 after purchasing an additional 426 shares during the last quarter. Advisors Preferred LLC bought a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $1,101,000. Finally, US Bancorp DE grew its stake in shares of Invesco S&P 500 Top 50 ETF by 2.5% in the 4th quarter. US Bancorp DE now owns 24,549 shares of the company’s stock worth $1,226,000 after buying an additional 610 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.5 %

Invesco S&P 500 Top 50 ETF stock opened at $46.91 on Friday. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.75 and a twelve month high of $51.80. The company’s 50-day moving average price is $49.61 and its 200-day moving average price is $49.05. The company has a market cap of $8.20 billion, a PE ratio of 26.40 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.