IFP Advisors Inc Has $3.10 Million Position in Invesco S&P 500 Top 50 ETF $XLG

IFP Advisors Inc raised its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 198.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 49,555 shares of the company’s stock after acquiring an additional 32,969 shares during the period. IFP Advisors Inc’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,098,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Birch Capital Management LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth $27,000. Deutsche Bank AG acquired a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $27,000. Group One Trading LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 100.9% in the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after buying an additional 57,871 shares during the period. Atlantic Private Wealth LLC bought a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth about $57,000. Finally, Beacon Investment Advisory Services Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth about $61,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $62.39 on Friday. The stock has a market cap of $10.88 billion, a PE ratio of 27.80 and a beta of 1.06. The stock has a 50-day moving average of $61.89 and a 200-day moving average of $60.37. Invesco S&P 500 Top 50 ETF has a one year low of $52.60 and a one 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.