Comerica Bank Boosts Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Comerica Bank lifted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,175 shares of the company’s stock after purchasing an additional 904 shares during the quarter. Comerica Bank’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp boosted its stake in Invesco S&P 500 Top 50 ETF by 1.5% during the fourth quarter. Truist Financial Corp now owns 29,649 shares of the company’s stock worth $1,481,000 after buying an additional 426 shares during the period. Advisors Preferred LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $1,101,000. US Bancorp DE lifted its position in shares of Invesco S&P 500 Top 50 ETF by 2.5% during the fourth quarter. US Bancorp DE now owns 24,549 shares of the company’s stock worth $1,226,000 after purchasing an additional 610 shares during the last quarter. Investors Research Corp lifted its position in shares of Invesco S&P 500 Top 50 ETF by 50.7% during the fourth quarter. Investors Research Corp now owns 2,877 shares of the company’s stock worth $144,000 after purchasing an additional 968 shares during the last quarter. Finally, LWM Advisory Services LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 11.9% during the fourth quarter. LWM Advisory Services LLC now owns 64,335 shares of the company’s stock worth $3,214,000 after purchasing an additional 6,864 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 0.0%

NYSEARCA:XLG opened at $46.60 on Monday. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.50 and a twelve month high of $51.80. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 26.13 and a beta of 1.04. The stock has a fifty day simple moving average of $45.45 and a 200-day simple moving average of $48.50.

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.