Simplicity Wealth LLC Invests $678,000 in Invesco S&P 500 Top 50 ETF $XLG

Simplicity Wealth LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,006 shares of the company’s stock, valued at approximately $678,000.

Several other hedge funds also recently made changes to their positions in XLG. Bank of New York Mellon Corp acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 1st quarter worth $110,557,000. Invesco Ltd. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 212.9% in the 1st quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock worth $154,785,000 after acquiring an additional 2,288,508 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 130.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock worth $115,324,000 after acquiring an additional 1,417,535 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 225.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,720,414 shares of the company’s stock worth $79,173,000 after acquiring an additional 1,192,557 shares during the period. Finally, Means Investment CO. Inc. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 1,122.3% in the 1st quarter. Means Investment CO. Inc. now owns 1,267,671 shares of the company’s stock worth $58,338,000 after acquiring an additional 1,163,956 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $57.78 on Wednesday. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $58.09. The company has a fifty day moving average of $55.70 and a 200-day moving average of $51.07. The stock has a market capitalization of $11.09 billion, a PE ratio of 27.80 and a beta of 1.00.

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.