Kestra Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 485,942 shares of the company’s stock after acquiring an additional 14,987 shares during the quarter. Kestra Advisory Services LLC owned 0.28% of Invesco S&P 500 Top 50 ETF worth $26,508,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of XLG. Birchbrook Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $27,000. Deutsche Bank AG purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth about $27,000. Godsey & Gibb Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $30,000. Group One Trading LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 100.9% during the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after buying an additional 57,871 shares during the period. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $38,000.
Invesco S&P 500 Top 50 ETF Trading Up 0.6%
Shares of XLG traded up $0.35 during midday trading on Friday, hitting $61.98. The stock had a trading volume of 1,161,117 shares, compared to its average volume of 3,233,465. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $52.30 and a fifty-two week high of $64.77. The business has a 50-day simple moving average of $62.20 and a two-hundred day simple moving average of $59.36. The firm has a market cap of $10.85 billion, a P/E ratio of 27.80 and a beta of 1.06.
About Invesco S&P 500 Top 50 ETF
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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