Brown Advisory Inc. Has $33.24 Million Position in Invesco S&P 500 Top 50 ETF $XLG

Brown Advisory Inc. boosted its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1,359.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 560,799 shares of the company’s stock after buying an additional 522,375 shares during the quarter. Brown Advisory Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $33,244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XLG. Jane Street Group LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 444.6% in 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 during the period. Russell Investments Group Ltd. increased its position in Invesco S&P 500 Top 50 ETF by 151.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,536 shares of the company’s stock valued at $80,000 after buying an additional 926 shares in the last quarter. Marshall Wace LLP bought a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $7,118,000. Qube Research & Technologies Ltd increased its position in Invesco S&P 500 Top 50 ETF by 230.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 9,629 shares of the company’s stock valued at $502,000 after buying an additional 6,717 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Invesco S&P 500 Top 50 ETF by 98.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 13,896 shares of the company’s stock valued at $724,000 after buying an additional 6,886 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $62.47 on Tuesday. Invesco S&P 500 Top 50 ETF has a one year low of $49.68 and a one year high of $64.77. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. The business has a 50-day simple moving average of $61.29 and a 200 day simple moving average of $59.14.

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.