Theory Financial LLC Has $4.20 Million Stock Position in Invesco S&P 500 Top 50 ETF $XLG

Theory Financial LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 101.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,229 shares of the company’s stock after buying an additional 36,338 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises about 1.5% of Theory Financial LLC’s holdings, making the stock its 19th largest position. Theory Financial LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,203,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of XLG. Harbor Asset Planning Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $31,000. LGT Financial Advisors LLC grew its position in shares of 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 worth $41,000 after buying an additional 564 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at $47,000. Blue Trust Inc. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 140.8% during the 2nd quarter. Blue Trust Inc. now owns 973 shares of the company’s stock valued at $51,000 after acquiring an additional 569 shares during the period. Finally, New Republic Capital LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 90.5% during the 3rd quarter. New Republic Capital LLC now owns 960 shares of the company’s stock valued at $55,000 after acquiring an additional 456 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $58.85 on Friday. The business has a 50-day simple moving average of $59.15 and a 200 day simple moving average of $56.98. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.