Bank of New York Mellon Corp raised its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 0.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,479,520 shares of the company’s stock after buying an additional 9,069 shares during the period. Bank of New York Mellon Corp’s holdings in Invesco S&P 500 Top 50 ETF were worth $146,986,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of XLG. MCF Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth $27,000. Birchbrook Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $27,000. Godsey & Gibb Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $30,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $38,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at approximately $55,000.
Invesco S&P 500 Top 50 ETF Stock Performance
Invesco S&P 500 Top 50 ETF stock opened at $62.21 on Friday. Invesco S&P 500 Top 50 ETF has a 1 year low of $49.68 and a 1 year high of $64.77. The company’s 50 day simple moving average is $60.38 and its 200-day simple moving average is $58.97. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05.
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.
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Want to see what other hedge funds are holding XLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report).
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