Elevation Point Wealth Partners LLC Acquires New Shares in Invesco S&P 500 Top 50 ETF $XLG

Elevation Point Wealth Partners LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the third quarter, HoldingsChannel reports. The fund acquired 66,322 shares of the company’s stock, valued at approximately $3,815,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MCF Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the third quarter worth about $27,000. Financial Gravity Companies Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth about $47,000. New Republic Capital LLC raised its position in Invesco S&P 500 Top 50 ETF by 90.5% during the third quarter. New Republic Capital LLC now owns 960 shares of the company’s stock valued at $55,000 after acquiring an additional 456 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at $55,000. Finally, CGC Financial Services LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 193.1% in the 3rd quarter. CGC Financial Services LLC now owns 1,026 shares of the company’s stock valued at $59,000 after purchasing an additional 676 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 1.1%

XLG opened at $55.76 on Friday. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $60.63. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The firm’s fifty day simple moving average is $58.06 and its two-hundred day simple moving average is $58.12.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.