Summit Financial Consulting LLC Makes New Investment in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Summit Financial Consulting LLC purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,076 shares of the company’s stock, valued at approximately $1,890,000. Invesco S&P 500 Top 50 ETF makes up approximately 1.8% of Summit Financial Consulting LLC’s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 130.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock worth $115,324,000 after buying an additional 1,417,535 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 12.5% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 8,095 shares of the company’s stock worth $373,000 after buying an additional 902 shares during the last quarter. US Bancorp DE increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.5% in the 4th quarter. US Bancorp DE now owns 24,549 shares of the company’s stock worth $1,226,000 after buying an additional 610 shares during the last quarter. Wolf Group Capital Advisors increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 792.5% in the 1st quarter. Wolf Group Capital Advisors now owns 318,090 shares of the company’s stock worth $14,639,000 after buying an additional 282,448 shares during the last quarter. Finally, Investors Research Corp increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 50.7% in the 4th quarter. Investors Research Corp now owns 2,877 shares of the company’s stock worth $144,000 after buying an additional 968 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.9%

Invesco S&P 500 Top 50 ETF stock opened at $52.61 on Friday. The company’s 50-day moving average price is $49.33 and its 200-day moving average price is $48.66. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.50 and a twelve month high of $52.69. The company has a market cap of $9.53 billion, a PE ratio of 27.80 and a beta of 1.00.

Invesco S&P 500 Top 50 ETF Company 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.