ShoreHaven Wealth Partners LLC grew its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 33.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 143,441 shares of the company’s stock after buying an additional 36,202 shares during the quarter. Invesco S&P 500 Top 50 ETF accounts for about 3.1% of ShoreHaven Wealth Partners LLC’s portfolio, making the stock its 8th largest holding. ShoreHaven Wealth Partners LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $7,473,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the stock. SouthState Corp acquired a new stake in Invesco S&P 500 Top 50 ETF during the first quarter worth about $28,000. Harbor Asset Planning Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $31,000. MTM Investment Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the 1st quarter worth approximately $30,000. Y.D. More Investments Ltd grew its stake in shares of Invesco S&P 500 Top 50 ETF by 149.2% during the 1st quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock worth $30,000 after purchasing an additional 388 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter valued at approximately $43,000.
Invesco S&P 500 Top 50 ETF Price Performance
XLG opened at $57.55 on Friday. The firm has a fifty day moving average price of $56.29 and a 200 day moving average price of $51.63. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $58.48. The stock has a market cap of $11.07 billion, a P/E ratio of 27.80 and a beta of 1.00.
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.
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