M1 Capital Management LLC Purchases 15,985 Shares of Invesco S&P 500 Top 50 ETF $XLG

M1 Capital Management LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,813 shares of the company’s stock after acquiring an additional 15,985 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up 2.2% of M1 Capital Management LLC’s portfolio, making the stock its 11th largest holding. M1 Capital Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $5,206,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XLG. Birchbrook Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $27,000. Deutsche Bank AG bought a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $27,000. Godsey & Gibb Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $30,000. Group One Trading LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after acquiring an additional 57,871 shares during the period. Finally, Legacy Wealth Managment LLC ID bought a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $38,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $61.32 on Friday. The stock has a market cap of $10.80 billion, a PE ratio of 27.80 and a beta of 1.05. The business has a fifty day moving average of $61.14 and a two-hundred day moving average of $59.11. Invesco S&P 500 Top 50 ETF has a 52-week low of $49.68 and a 52-week high of $64.77.

About Invesco S&P 500 Top 50 ETF

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.