Invesco S&P 500 Top 50 ETF $XLG Position Decreased by Beacon Financial Group

Beacon Financial Group lowered its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 58.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,498 shares of the company’s stock after selling 9,060 shares during the period. Beacon Financial Group’s holdings in Invesco S&P 500 Top 50 ETF were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in XLG. Jane Street Group LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 444.6% during the first quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock worth $8,416,000 after buying an additional 149,290 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 151.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,536 shares of the company’s stock worth $80,000 after acquiring an additional 926 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth $7,118,000. Qube Research & Technologies Ltd grew its holdings in shares of 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 worth $502,000 after acquiring an additional 6,717 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 98.2% during the second quarter. Main Street Financial Solutions LLC now owns 13,896 shares of the company’s stock worth $724,000 after purchasing an additional 6,886 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 0.6%

Shares of NYSEARCA XLG opened at $61.98 on Friday. Invesco S&P 500 Top 50 ETF has a 12 month low of $52.30 and a 12 month high of $64.77. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The business has a fifty day simple moving average of $62.20 and a 200-day simple moving average of $59.36.

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.