Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 309,000 shares of the company’s stock, valued at approximately $19,655,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.17% of Invesco S&P 500 Top 50 ETF at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 2.7% in the first quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock worth $113,010,000 after purchasing an additional 53,884 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 6.2% in the first quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock valued at $72,413,000 after buying an additional 77,171 shares in the last quarter. Bogart Wealth LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.3% in the first quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock valued at $59,957,000 after buying an additional 24,787 shares during the last quarter. Demars Financial Group LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.6% in the third quarter. Demars Financial Group LLC now owns 804,452 shares of the company’s stock valued at $51,171,000 after buying an additional 28,031 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.2% in the first quarter. Kestra Advisory Services LLC now owns 485,942 shares of the company’s stock valued at $26,508,000 after buying an additional 14,987 shares during the last quarter.
Invesco S&P 500 Top 50 ETF Stock Down 0.9%
Shares of NYSEARCA XLG opened at $60.90 on Tuesday. Invesco S&P 500 Top 50 ETF has a 12-month low of $52.60 and a 12-month high of $65.26. The firm’s 50-day simple moving average is $63.26 and its 200 day simple moving average is $60.67. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06.
About Invesco S&P 500 Top 50 ETF
Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.
XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.
The fund began operations in 2005 and is listed on NYSE Arca.
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