Wedbush Securities Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 11.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,234 shares of the company’s stock after acquiring an additional 1,464 shares during the period. Wedbush Securities Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $651,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $28,000. Pineridge Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth $42,000. YHB Investment Advisors Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the 1st quarter worth about $59,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Top 50 ETF in the second quarter valued at about $73,000. Finally, VitalStone Financial LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 21.7% during the first quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock valued at $75,000 after purchasing an additional 319 shares in the last quarter.
Invesco S&P 500 Top 50 ETF Price Performance
Invesco S&P 500 Top 50 ETF stock opened at $46.32 on Friday. The business has a 50 day moving average of $45.69 and a 200-day moving average of $43.79. The company has a market capitalization of $4.52 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 $32.74 and a 1 year high of $47.99.
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.
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