Mutual Advisors LLC Purchases 16,587 Shares of Invesco S&P 500 Top 50 ETF $XLG

Mutual Advisors LLC grew its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 13.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 138,922 shares of the company’s stock after buying an additional 16,587 shares during the quarter. Mutual Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $8,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in XLG. Jane Street Group LLC grew its position in Invesco S&P 500 Top 50 ETF by 444.6% during the first quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock worth $8,416,000 after buying an additional 149,290 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 6.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 107,362 shares of the company’s stock worth $5,594,000 after buying an additional 6,825 shares in the last quarter. Truist Financial Corp raised its stake in Invesco S&P 500 Top 50 ETF by 11.6% during the second quarter. Truist Financial Corp now owns 71,382 shares of the company’s stock worth $3,719,000 after acquiring an additional 7,425 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Invesco S&P 500 Top 50 ETF by 86.2% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 17,185 shares of the company’s stock worth $895,000 after purchasing an additional 7,955 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 105.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 581,964 shares of the company’s stock worth $30,320,000 after buying an additional 298,964 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $59.01 on Friday. The business has a 50-day simple moving average of $59.20 and a two-hundred day simple moving average of $57.41. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63. The stock has a market cap of $11.49 billion, a PE ratio of 27.80 and a beta of 1.03.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.