Burns Matteson Capital Management LLC Invests $204,000 in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Burns Matteson Capital Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,459 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HBW Advisory Services LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth $1,344,000. Moller Wealth Partners acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at about $1,513,000. Cetera Advisors LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 35.0% during the first quarter. Cetera Advisors LLC now owns 86,412 shares of the company’s stock worth $3,641,000 after acquiring an additional 22,413 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 526.9% in the first quarter. Cetera Investment Advisers now owns 182,333 shares of the company’s stock worth $7,682,000 after acquiring an additional 153,250 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 60.4% in the first quarter. Atria Investments Inc now owns 189,712 shares of the company’s stock worth $7,993,000 after acquiring an additional 71,409 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 0.9 %

XLG stock traded up $0.37 during midday trading on Tuesday, hitting $42.91. 1,863,499 shares of the company’s stock were exchanged, compared to its average volume of 1,378,945. The firm has a 50 day moving average price of $45.53 and a 200-day moving average price of $42.78. Invesco S&P 500 Top 50 ETF has a 12-month low of $32.74 and a 12-month high of $47.99. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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.