Investors Research Corp Raises Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Investors Research Corp boosted its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,877 shares of the company’s stock after purchasing an additional 968 shares during the period. Investors Research Corp’s holdings in Invesco S&P 500 Top 50 ETF were worth $144,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Independent Advisor Alliance acquired a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $38,858,000. Johnson Investment Counsel Inc. increased its holdings in Invesco S&P 500 Top 50 ETF by 0.8% in the 4th quarter. Johnson Investment Counsel Inc. now owns 168,010 shares of the company’s stock valued at $8,394,000 after purchasing an additional 1,263 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $2,275,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $1,441,000. Finally, Elevation Capital Advisory LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 1,097.2% during the fourth quarter. Elevation Capital Advisory LLC now owns 71,019 shares of the company’s stock valued at $3,548,000 after acquiring an additional 65,087 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $46.36 on Tuesday. The business has a 50-day moving average of $50.27 and a 200-day moving average of $49.06. The company has a market capitalization of $8.34 billion, a PE ratio of 29.57 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80.

Invesco S&P 500 Top 50 ETF Company 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.