Means Investment CO. Inc. Raises Stake in Invesco S&P 500 Top 50 ETF $XLG

Means Investment CO. Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,396,283 shares of the company’s stock after buying an additional 35,355 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 7.0% of Means Investment CO. Inc.’s investment portfolio, making the stock its 3rd largest position. Means Investment CO. Inc. owned about 0.73% of Invesco S&P 500 Top 50 ETF worth $80,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Belpointe Asset Management LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 284.4% in the third quarter. Belpointe Asset Management LLC now owns 20,364 shares of the company’s stock worth $1,171,000 after purchasing an additional 15,067 shares during the period. Fortis Capital Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at $869,000. Retirement Planning Group LLC NY purchased a new position in Invesco S&P 500 Top 50 ETF during the third quarter worth about $533,000. AE Wealth Management LLC increased its stake in Invesco S&P 500 Top 50 ETF by 71.4% in the 2nd quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock worth $6,587,000 after acquiring an additional 52,645 shares during the last quarter. Finally, Cannon Advisors Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 40.4% in the 3rd quarter. Cannon Advisors Inc. now owns 29,829 shares of the company’s stock valued at $1,732,000 after acquiring an additional 8,584 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 0.7%

Shares of XLG opened at $58.72 on Tuesday. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63. The company has a market cap of $11.42 billion, a PE ratio of 27.80 and a beta of 1.03. The stock has a 50-day moving average price of $59.10 and a 200-day moving average price of $57.66.

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.