Flagship Wealth Advisors LLC Boosts Stake in Invesco S&P 500 Top 50 ETF $XLG

Flagship Wealth Advisors LLC boosted its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 76.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,195 shares of the company’s stock after buying an additional 43,257 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up about 1.7% of Flagship Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. Flagship Wealth Advisors LLC owned about 0.05% of Invesco S&P 500 Top 50 ETF worth $5,940,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XLG. MCF Advisors LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at approximately $27,000. Birchbrook Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $27,000. Godsey & Gibb Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $30,000. Legacy Wealth Managment LLC ID acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $38,000. Finally, Reyes Financial Architecture Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at $55,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $63.93 on Friday. The stock has a fifty day moving average of $60.24 and a two-hundred day moving average of $58.95. The company has a market capitalization of $11.26 billion, a PE ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $49.42 and a fifty-two week high of $64.77.

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.