Diversified Enterprises LLC Buys 1,551 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Diversified Enterprises LLC lifted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,343 shares of the company’s stock after purchasing an additional 1,551 shares during the quarter. Diversified Enterprises LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth $26,000. Abound Wealth Management bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $30,000. Hager Investment Management Services LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $30,000. Decker Retirement Planning Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $50,000.

Invesco S&P 500 Top 50 ETF Price Performance

XLG stock opened at $46.74 on Friday. The business has a 50-day moving average price of $49.97 and a 200 day moving average price of $49.01. The company has a market capitalization of $8.17 billion, a P/E ratio of 26.40 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80.

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.