Cyr Financial Inc. grew its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 201,621 shares of the company’s stock after purchasing an additional 42,443 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises about 9.2% of Cyr Financial Inc.’s investment portfolio, making the stock its 2nd largest position. Cyr Financial Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $10,073,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XLG. Abound Wealth Management bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $30,000. Decker Retirement Planning Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $34,000. Concord Wealth Partners bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth $47,000. Crews Bank & Trust bought a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $87,000. Finally, Investors Research Corp increased its position in Invesco S&P 500 Top 50 ETF by 126.7% in the third quarter. Investors Research Corp now owns 1,909 shares of the company’s stock worth $91,000 after purchasing an additional 1,067 shares during the period.
Invesco S&P 500 Top 50 ETF Trading Up 0.2 %
Shares of NYSEARCA:XLG opened at $50.97 on Friday. The stock has a market capitalization of $4.97 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1-year low of $38.82 and a 1-year high of $51.80. The business has a 50-day moving average price of $50.47 and a two-hundred day moving average price of $48.07.
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.
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