Invesco S&P 500 Top 50 ETF $XLG Position Raised by IFC & Insurance Marketing Inc.

IFC & Insurance Marketing Inc. grew its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,274 shares of the company’s stock after purchasing an additional 8,662 shares during the period. Invesco S&P 500 Top 50 ETF makes up about 6.1% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 4th biggest position. IFC & Insurance Marketing Inc. owned about 0.06% of Invesco S&P 500 Top 50 ETF worth $6,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Beacon Investment Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at approximately $61,000. First Heartland Consultants Inc. lifted its position in Invesco S&P 500 Top 50 ETF by 8.2% in the second quarter. First Heartland Consultants Inc. now owns 12,280 shares of the company’s stock worth $752,000 after buying an additional 934 shares during the last quarter. Green Ridge Wealth Planning LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 2.9% during the second quarter. Green Ridge Wealth Planning LLC now owns 228,719 shares of the company’s stock worth $14,004,000 after buying an additional 6,514 shares during the period. Eclectic Associates Inc. ADV purchased a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth $223,000. Finally, City Center Advisors LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 7.4% during the second quarter. City Center Advisors LLC now owns 61,579 shares of the company’s stock worth $3,770,000 after buying an additional 4,236 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

XLG stock opened at $63.30 on Monday. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $64.77. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The firm’s fifty day simple moving average is $61.41 and its two-hundred day simple moving average is $59.61.

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.