Invesco S&P 500 Top 50 ETF $XLG Shares Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 284.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,364 shares of the company’s stock after acquiring an additional 15,067 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XLG. Harbor Asset Planning Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter worth $31,000. LGT Financial Advisors LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 248.5% during the 2nd quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock valued at $41,000 after purchasing an additional 564 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth $47,000. Blue Trust Inc. boosted its position in Invesco S&P 500 Top 50 ETF by 140.8% in the 2nd quarter. Blue Trust Inc. now owns 973 shares of the company’s stock valued at $51,000 after buying an additional 569 shares during the last quarter. Finally, New Republic Capital LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 90.5% during the third quarter. New Republic Capital LLC now owns 960 shares of the company’s stock valued at $55,000 after acquiring an additional 456 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $59.28 on Thursday. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63. The business’s 50-day simple moving average is $59.12 and its 200 day simple moving average is $57.32.

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.