Kestra Private Wealth Services LLC grew its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 1,589.3% in the 1st quarter, Holdings Channel reports. The firm owned 85,226 shares of the company’s stock after purchasing an additional 80,181 shares during the period. Kestra Private Wealth Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,649,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Birchbrook Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth $27,000. Deutsche Bank AG bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at approximately $27,000. Godsey & Gibb Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $30,000. Group One Trading LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after purchasing 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 in the 4th quarter worth approximately $38,000.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of XLG stock opened at $59.30 on Friday. The stock has a fifty day simple moving average of $62.01 and a two-hundred day simple moving average of $59.22. The firm has a market capitalization of $10.44 billion, a PE ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 52-week low of $51.47 and a 52-week high of $64.77.
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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