Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Stake Lowered by Financial Gravity Wealth Inc.

Financial Gravity Wealth Inc. reduced its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 22.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,109 shares of the company’s stock after selling 1,451 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 0.9% of Financial Gravity Wealth Inc.’s investment portfolio, making the stock its 27th biggest holding. Financial Gravity Wealth Inc. owned 0.13% of Invesco S&P 500 Top 50 ETF worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Manchester Financial Inc. grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 14.2% during the 2nd quarter. Manchester Financial Inc. now owns 108,302 shares of the company’s stock valued at $22,725,000 after acquiring an additional 13,436 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the first quarter worth $3,217,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 29.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,984 shares of the company’s stock worth $2,634,000 after purchasing an additional 2,986 shares in the last quarter. RDL Financial Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 0.5% in the second quarter. RDL Financial Inc. now owns 12,429 shares of the company’s stock worth $2,608,000 after purchasing an additional 56 shares in the last quarter. Finally, Stony Point Wealth Management Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 17.6% in the second quarter. Stony Point Wealth Management Inc. now owns 7,386 shares of the company’s stock worth $1,583,000 after purchasing an additional 1,106 shares in the last quarter.

Shares of NYSEARCA:XLG opened at $206.38 on Wednesday. Invesco S&P 500 Top 50 ETF has a 1 year low of $167.86 and a 1 year high of $217.39. The stock has a fifty day simple moving average of $213.08.

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.

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Institutional Ownership by Quarter for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

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