Wedbush Securities Inc. raised its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 9.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 37,752 shares of the company’s stock after acquiring an additional 3,381 shares during the period. Wedbush Securities Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,967,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. SouthState Corp purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the first quarter valued at approximately $28,000. MTM Investment Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the first quarter worth approximately $30,000. Y.D. More Investments Ltd grew its position in Invesco S&P 500 Top 50 ETF by 149.2% in the 1st quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock worth $30,000 after purchasing an additional 388 shares during the period. Harbor Asset Planning Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $31,000. Finally, LGT Financial Advisors LLC raised its stake in Invesco S&P 500 Top 50 ETF by 248.5% during the 2nd quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock valued at $41,000 after buying an additional 564 shares during the last quarter.
Invesco S&P 500 Top 50 ETF Price Performance
NYSEARCA XLG opened at $58.45 on Friday. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year high of $60.63. The business’s fifty day moving average price is $57.57 and its 200-day moving average price is $53.39.
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.
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