M1 Capital Management LLC Acquires 22,158 Shares of Invesco S&P 500 Top 50 ETF $XLG

M1 Capital Management LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 51.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 65,424 shares of the company’s stock after purchasing an additional 22,158 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises approximately 1.7% of M1 Capital Management LLC’s holdings, making the stock its 18th biggest position. M1 Capital Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,409,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XLG. SouthState Corp bought a new stake in Invesco S&P 500 Top 50 ETF in the 1st quarter valued at $28,000. MTM Investment Management LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the 1st quarter valued at $30,000. Y.D. More Investments Ltd boosted its stake in Invesco S&P 500 Top 50 ETF by 149.2% in the 1st quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock valued at $30,000 after purchasing an additional 388 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the 1st quarter valued at $43,000. Finally, Headlands Technologies LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 1,280.7% in the 1st quarter. Headlands Technologies LLC now owns 1,146 shares of the company’s stock valued at $53,000 after purchasing an additional 1,063 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $58.22 on Friday. The business has a fifty day simple moving average of $55.88 and a 200 day simple moving average of $51.19. The company has a market capitalization of $11.14 billion, a PE ratio of 27.80 and a beta of 1.00. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $58.29.

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.