Integrity Alliance LLC. acquired a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) in the third quarter, Holdings Channel.com reports. The firm acquired 110,628 shares of the company’s stock, valued at approximately $7,037,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in XLG. Birch Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the second quarter worth about $27,000. Godsey & Gibb Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $32,000. Pinnacle Wealth Planning Services Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $52,000. Atlantic Private Wealth LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $57,000. Finally, Beacon Investment Advisory Services Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $61,000.
Invesco S&P 500 Top 50 ETF Trading Up 0.6%
NYSEARCA:XLG opened at $61.24 on Wednesday. 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 has a 50 day moving average of $63.25 and a two-hundred day moving average of $60.68. The firm has a market cap of $11.47 billion, a P/E ratio of 27.80 and a beta of 1.06.
About Invesco S&P 500 Top 50 ETF
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.
The fund began operations in 2005 and is listed on NYSE Arca.
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