Greystone Financial Group LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) during the third quarter, Holdings Channel reports. The fund purchased 37,918 shares of the company’s stock, valued at approximately $1,802,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Redhawk Wealth Advisors Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at $33,242,000. Thrivent Financial for Lutherans raised its stake in shares of Invesco S&P 500 Top 50 ETF by 868.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 664,259 shares of the company’s stock worth $30,389,000 after purchasing an additional 595,661 shares during the period. Bricktown Capital LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $27,172,000. Wealth Enhancement Advisory Services LLC raised its position in Invesco S&P 500 Top 50 ETF by 4,253.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 601,146 shares of the company’s stock worth $27,502,000 after acquiring an additional 587,337 shares during the period. Finally, Quattro Financial Advisors LLC purchased a new position in Invesco S&P 500 Top 50 ETF in the first quarter valued at approximately $20,139,000.
Invesco S&P 500 Top 50 ETF Price Performance
NYSEARCA:XLG opened at $47.94 on Thursday. The company has a market capitalization of $4.67 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1 year low of $32.74 and a 1 year high of $48.74. The business has a fifty day simple moving average of $46.84 and a two-hundred day simple moving average of $44.98.
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.
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