Nations Financial Group Inc. IA ADV raised its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 14.3% in the fourth quarter, Holdings Channel reports. The fund owned 40,093 shares of the company’s stock after buying an additional 5,014 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of XLG. Abound Wealth Management acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $30,000. Hager Investment Management Services LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $30,000. Decker Retirement Planning Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $34,000. Concord Wealth Partners acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter valued at about $47,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $58,000.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of XLG opened at $51.61 on Friday. The company has a 50-day simple moving average of $50.73 and a 200-day simple moving average of $48.51. The firm has a market capitalization of $5.03 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80.
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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