Mezzasalma Advisors LLC Takes $420,000 Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Mezzasalma Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 8,411 shares of the company’s stock, valued at approximately $420,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 5.0% during the third quarter. Integrated Wealth Concepts LLC now owns 182,494 shares of the company’s stock worth $8,674,000 after buying an additional 8,687 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock valued at $34,396,000 after purchasing an additional 24,527 shares during the last quarter. Keystone Wealth Services LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 5.5% in the third quarter. Keystone Wealth Services LLC now owns 47,023 shares of the company’s stock valued at $2,235,000 after purchasing an additional 2,457 shares during the period. Claro Advisors LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth approximately $422,000. Finally, Keeler & Nadler Financial Planning & Wealth Management acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth $320,000.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA:XLG opened at $50.60 on Friday. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80. The firm’s fifty day moving average price is $50.65 and its 200 day moving average price is $48.24.

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.