Hsbc Holdings PLC Buys New Stake in Invesco S&P 500 Top 50 ETF $XLG

Hsbc Holdings PLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,800 shares of the company’s stock, valued at approximately $1,529,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC lifted its position in Invesco S&P 500 Top 50 ETF by 4,166.5% during the 4th quarter. Sound Income Strategies LLC now owns 35,753 shares of the company’s stock worth $2,104,000 after acquiring an additional 34,915 shares in the last quarter. Cypress Wealth Services LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $650,000. Elevation Capital Advisory LLC increased its stake in Invesco S&P 500 Top 50 ETF by 26.1% during the 4th quarter. Elevation Capital Advisory LLC now owns 161,707 shares of the company’s stock worth $9,586,000 after buying an additional 33,420 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter worth $3,815,000. Finally, One Wealth Advisors LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 5.1% in the 4th quarter. One Wealth Advisors LLC now owns 343,632 shares of the company’s stock worth $20,370,000 after buying an additional 16,819 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG traded up $0.35 during trading on Friday, hitting $61.98. The company’s 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 stock’s 50-day moving average price is $62.20 and its two-hundred day moving average price is $59.36. The company has a market capitalization of $10.84 billion, a PE ratio of 27.80 and a beta of 1.06.

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. 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.