CFS Investment Advisory Services LLC decreased its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 91.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 25,832 shares of the company’s stock after selling 282,315 shares during the period. CFS Investment Advisory Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,553,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. grew its position in Invesco S&P 500 Top 50 ETF by 68.3% in the first quarter. Meitav Investment House Ltd. now owns 17,218 shares of the company’s stock valued at $939,000 after acquiring an additional 6,990 shares during the period. Bogart Wealth LLC increased its position in Invesco S&P 500 Top 50 ETF by 2.3% in the first quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock worth $59,957,000 after purchasing an additional 24,787 shares during the period. Latitude Advisors LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 52.6% in the first quarter. Latitude Advisors LLC now owns 12,185 shares of the company’s stock valued at $665,000 after acquiring an additional 4,199 shares during the last quarter. Elevation Point Wealth Partners LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 1.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 57,836 shares of the company’s stock worth $3,155,000 after buying an additional 711 shares during the period. Finally, KPP Advisory Services LLC increased its stake in Invesco S&P 500 Top 50 ETF by 3.6% in the first quarter. KPP Advisory Services LLC now owns 166,900 shares of the company’s stock valued at $9,104,000 after purchasing an additional 5,807 shares in the last quarter.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of XLG opened at $61.63 on Friday. The firm has a market cap of $10.79 billion, a P/E ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.30 and a twelve month high of $64.77. The firm’s 50 day moving average price is $62.17 and its two-hundred day moving average price is $59.34.
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.
Further Reading
- Five stocks we like better than Invesco S&P 500 Top 50 ETF
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Want to see what other hedge funds are holding XLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report).
Receive News & Ratings for Invesco S&P 500 Top 50 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Top 50 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
