JNBA Financial Advisors Purchases 196,648 Shares of Invesco S&P 500 Top 50 ETF $XLG

JNBA Financial Advisors boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 15,731.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,898 shares of the company’s stock after buying an additional 196,648 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up approximately 0.6% of JNBA Financial Advisors’ portfolio, making the stock its 20th biggest position. JNBA Financial Advisors owned about 0.11% of Invesco S&P 500 Top 50 ETF worth $12,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Birchbrook Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $27,000. Deutsche Bank AG bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $27,000. Group One Trading LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 100.9% in the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after purchasing an additional 57,871 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $38,000. Finally, Beacon Investment Advisory Services Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at $61,000.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $62.64 on Monday. The firm has a market cap of $10.92 billion, a P/E ratio of 27.80 and a beta of 1.06. The firm’s fifty day moving average is $61.46 and its 200 day moving average is $60.03. Invesco S&P 500 Top 50 ETF has a 52 week low of $52.60 and a 52 week high of $64.77.

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. 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.