IFG Advisory LLC boosted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,219 shares of the company’s stock after purchasing an additional 552 shares during the quarter. IFG Advisory LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $971,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in XLG. Tower Research Capital LLC TRC bought a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $26,000. Voisard Asset Management Group Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $28,000. Pineridge Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF in the second quarter worth approximately $42,000. YHB Investment Advisors Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the first quarter worth approximately $59,000. Finally, International Assets Investment Management LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $73,000.
Invesco S&P 500 Top 50 ETF Stock Up 1.0 %
Shares of NYSEARCA:XLG opened at $46.51 on Friday. Invesco S&P 500 Top 50 ETF has a twelve month low of $32.74 and a twelve month high of $47.99. The stock’s 50 day moving average is $45.81 and its 200-day moving average is $43.51. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.
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.
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