Independent Financial Group LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm purchased 51,059 shares of the company’s stock, valued at approximately $2,785,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 4,166.5% in the fourth quarter. Sound Income Strategies LLC now owns 35,753 shares of the company’s stock worth $2,104,000 after buying an additional 34,915 shares in the last quarter. Elevation Capital Advisory LLC grew its stake in Invesco S&P 500 Top 50 ETF by 26.1% during the 4th quarter. Elevation Capital Advisory LLC now owns 161,707 shares of the company’s stock valued at $9,586,000 after acquiring an additional 33,420 shares in the last quarter. Cypress Wealth Services LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $650,000. One Wealth Advisors LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 5.1% in the 4th quarter. One Wealth Advisors LLC now owns 343,632 shares of the company’s stock valued at $20,370,000 after acquiring an additional 16,819 shares during the last quarter. Finally, Ethos Capital Management Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $1,905,000.
Invesco S&P 500 Top 50 ETF Price Performance
Shares of Invesco S&P 500 Top 50 ETF stock opened at $60.71 on Friday. The stock has a market cap of $10.62 billion, a P/E ratio of 27.80 and a beta of 1.06. The stock’s 50 day simple moving average is $62.15 and its 200-day simple moving average is $59.42. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.60 and a 1-year high of $64.77.
Invesco S&P 500 Top 50 ETF 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. 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.
Further Reading
- Five stocks we like better than Invesco S&P 500 Top 50 ETF
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Want to see what other hedge funds are holding XLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report).
Receive News & Ratings for Invesco S&P 500 Top 50 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Top 50 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
