28,031 Invesco S&P 500 Top 50 ETF $XLG Shares Purchased by Demars Financial Group LLC

Demars Financial Group LLC boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 804,452 shares of the company’s stock after purchasing an additional 28,031 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises about 13.3% of Demars Financial Group LLC’s holdings, making the stock its 2nd largest position. Demars Financial Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $51,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XLG. Birch Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter worth about $27,000. Godsey & Gibb Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth about $32,000. Atlantic Private Wealth LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the second quarter worth about $57,000. Beacon Investment Advisory Services Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at approximately $61,000. Finally, Ancora Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at approximately $72,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $62.55 on Friday. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $65.26. The firm’s 50 day moving average price is $63.28 and its 200 day moving average price is $62.03. The firm has a market cap of $11.75 billion, a P/E ratio of 27.80 and a beta of 1.06.

Invesco S&P 500 Top 50 ETF Profile

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.

XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.

The fund began operations in 2005 and is listed on NYSE Arca.