StoneX Group Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 10,890 shares of the company’s stock, valued at approximately $671,000.
Other institutional investors have also recently modified their holdings of the company. Birch Capital Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $27,000. Caldwell Trust Co purchased a new position in Invesco S&P 500 Top 50 ETF during the third quarter worth approximately $31,000. Godsey & Gibb Inc. purchased a new position in Invesco S&P 500 Top 50 ETF during the third quarter worth approximately $32,000. Pinnacle Wealth Planning Services Inc. purchased a new position in Invesco S&P 500 Top 50 ETF during the third quarter worth approximately $52,000. Finally, Atlantic Private Wealth LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $57,000.
Invesco S&P 500 Top 50 ETF Trading Up 1.5%
Shares of XLG opened at $61.52 on Thursday. The firm has a market cap of $11.52 billion, a P/E ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 12 month low of $52.60 and a 12 month high of $65.26. The stock’s 50 day moving average is $63.06 and its two-hundred day moving average is $60.75.
Invesco S&P 500 Top 50 ETF Company Profile
Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index. XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.
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