Coastline Trust Co Invests $735,000 in Invesco S&P 500 Top 50 ETF $XLG

Coastline Trust Co bought a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,406 shares of the company’s stock, valued at approximately $735,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Belpointe Asset Management LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 284.4% during the third quarter. Belpointe Asset Management LLC now owns 20,364 shares of the company’s stock valued at $1,171,000 after acquiring an additional 15,067 shares during the period. Aspire Capital Advisors LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 55.1% during the third quarter. Aspire Capital Advisors LLC now owns 133,700 shares of the company’s stock valued at $7,690,000 after buying an additional 47,513 shares in the last quarter. Fortis Capital Advisors LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the third quarter valued at $869,000. Retirement Planning Group LLC NY acquired a new position in Invesco S&P 500 Top 50 ETF during the third quarter valued at $533,000. Finally, Cannon Advisors Inc. lifted its stake in Invesco S&P 500 Top 50 ETF by 40.4% in the 3rd quarter. Cannon Advisors Inc. now owns 29,829 shares of the company’s stock worth $1,732,000 after acquiring an additional 8,584 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 0.4%

Shares of NYSEARCA XLG opened at $55.31 on Friday. The firm has a market capitalization of $10.76 billion, a PE ratio of 27.80 and a beta of 1.03. The business has a 50-day moving average price of $57.79 and a two-hundred day moving average price of $58.12. 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.