Arsenal Capital Advisors LLC Acquires Shares of 10,943 Invesco S&P 500 Top 50 ETF $XLG

Arsenal Capital Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,943 shares of the company’s stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XLG. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Top 50 ETF by 53.6% during the third quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock worth $217,805,000 after buying an additional 1,321,856 shares in the last quarter. Ameriprise Financial Inc. raised its position in 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 purchasing an additional 729,356 shares during the period. Raymond James Financial Inc. raised its position in Invesco S&P 500 Top 50 ETF by 25.8% in the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after purchasing an additional 588,257 shares during the period. Advocacy Wealth Management LLC raised its position in Invesco S&P 500 Top 50 ETF by 56.6% in the third quarter. Advocacy Wealth Management LLC now owns 1,094,754 shares of the company’s stock valued at $62,970,000 after purchasing an additional 395,581 shares during the period. Finally, Johnson Financial Group Inc. raised its position in Invesco S&P 500 Top 50 ETF by 17.5% in the third quarter. Johnson Financial Group Inc. now owns 2,045,865 shares of the company’s stock valued at $117,678,000 after purchasing an additional 304,958 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 2.7%

NYSEARCA:XLG opened at $62.21 on Friday. Invesco S&P 500 Top 50 ETF has a 52 week low of $49.68 and a 52 week high of $64.77. The company has a market capitalization of $10.96 billion, a P/E ratio of 27.80 and a beta of 1.05. The stock’s fifty day moving average is $60.38 and its two-hundred day moving average is $58.97.

Invesco S&P 500 Top 50 ETF 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.