Invesco S&P 500 Top 50 ETF $XLG Shares Newly Bought by Means Investment CO. Inc.

Means Investment CO. Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,645,014 shares of the company’s stock, valued at approximately $104,639,000. Invesco S&P 500 Top 50 ETF accounts for 7.5% of Means Investment CO. Inc.’s portfolio, making the stock its 3rd biggest position.

A number of other large investors have also recently bought and sold shares of XLG. StoneX Group Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter valued at approximately $671,000. Flagship Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 5.5% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 142,998 shares of the company’s stock worth $9,096,000 after purchasing an additional 7,398 shares during the last quarter. United Advisor Group LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 13.6% in the 3rd quarter. United Advisor Group LLC now owns 17,498 shares of the company’s stock worth $1,113,000 after purchasing an additional 2,096 shares during the last quarter. Heritage Family Offices LLP bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter worth approximately $177,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at approximately $229,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $59.62 on Monday. The company has a market cap of $11.17 billion, a P/E ratio of 27.80 and a beta of 1.06. The stock has a fifty day moving average price of $63.14 and a 200 day moving average price of $60.71. Invesco S&P 500 Top 50 ETF has a 12 month low of $52.60 and a 12 month high of $65.26.

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.