PMG Wealth Management Inc. trimmed its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 45.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,338 shares of the company’s stock after selling 105,172 shares during the period. Invesco S&P 500 Top 50 ETF comprises 5.0% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 8th largest position. PMG Wealth Management Inc. owned 0.07% of Invesco S&P 500 Top 50 ETF worth $6,892,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Jane Street Group LLC boosted its position in Invesco S&P 500 Top 50 ETF by 444.6% during the 1st quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock worth $8,416,000 after purchasing an additional 149,290 shares during the period. Russell Investments Group Ltd. raised its position in Invesco S&P 500 Top 50 ETF by 151.8% in the second quarter. Russell Investments Group Ltd. now owns 1,536 shares of the company’s stock valued at $80,000 after purchasing an additional 926 shares during the period. Marshall Wace LLP purchased a new position in Invesco S&P 500 Top 50 ETF in the second quarter valued at about $7,118,000. Qube Research & Technologies Ltd lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 230.7% during the second quarter. Qube Research & Technologies Ltd now owns 9,629 shares of the company’s stock worth $502,000 after purchasing an additional 6,717 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 98.2% in the second quarter. Main Street Financial Solutions LLC now owns 13,896 shares of the company’s stock worth $724,000 after buying an additional 6,886 shares during the period.
Invesco S&P 500 Top 50 ETF Stock Performance
XLG stock opened at $60.01 on Wednesday. Invesco S&P 500 Top 50 ETF has a 1 year low of $50.71 and a 1 year high of $64.77. The firm has a market cap of $10.57 billion, a P/E ratio of 27.80 and a beta of 1.05. The stock has a 50-day simple moving average of $61.94 and a 200-day simple moving average of $59.22.
Invesco S&P 500 Top 50 ETF 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.
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