Beacon Financial Advisory LLC Raises Stock Position in Invesco S&P 500 Top 50 ETF $XLG

Beacon Financial Advisory LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 92.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,111 shares of the company’s stock after acquiring an additional 11,585 shares during the period. Beacon Financial Advisory LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC raised its position in Invesco S&P 500 Top 50 ETF by 444.6% during the 1st quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock valued at $8,416,000 after purchasing an additional 149,290 shares in the last quarter. Sovran Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at $222,000. Wedmont Private Capital raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 12.1% in the second quarter. Wedmont Private Capital now owns 9,641 shares of the company’s stock valued at $506,000 after acquiring an additional 1,044 shares in the last quarter. Essex Savings Bank bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the second quarter valued at about $393,000. Finally, My Legacy Advisors LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 58.7% in the second quarter. My Legacy Advisors LLC now owns 29,180 shares of the company’s stock worth $1,536,000 after acquiring an additional 10,795 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $58.85 on Friday. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The company’s 50-day simple moving average is $59.15 and its two-hundred day simple moving average is $56.98. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63.

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.