Cambria Investment Management L.P. Makes New Investment in Invesco S&P 500 Top 50 ETF $XLG

Cambria Investment Management L.P. bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 145,586 shares of the company’s stock, valued at approximately $8,374,000. Cambria Investment Management L.P. owned approximately 0.08% of Invesco S&P 500 Top 50 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in XLG. Soundwatch Capital LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth approximately $1,790,000. JPMorgan Chase & Co. boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 53.6% in the third quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock valued at $217,805,000 after acquiring an additional 1,321,856 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 46.6% in the third quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after acquiring an additional 729,356 shares during the period. CW Advisors LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 1,645.5% during the second quarter. CW Advisors LLC now owns 719,865 shares of the company’s stock worth $37,505,000 after acquiring an additional 678,624 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 25.8% during the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock worth $149,398,000 after acquiring an additional 588,257 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $55.54 on Thursday. The firm’s fifty day simple moving average is $57.87 and its 200-day simple moving average is $58.14. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

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.