Hsbc Holdings PLC Takes $1.53 Million Position in Invesco S&P 500 Top 50 ETF $XLG

Hsbc Holdings PLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 25,800 shares of the company’s stock, valued at approximately $1,529,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. raised its stake in shares of Invesco S&P 500 Top 50 ETF by 17.5% during the third quarter. Johnson Financial Group Inc. now owns 2,045,865 shares of the company’s stock valued at $117,678,000 after acquiring an additional 304,958 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 4,166.5% in the fourth quarter. Sound Income Strategies LLC now owns 35,753 shares of the company’s stock worth $2,104,000 after purchasing an additional 34,915 shares during the last quarter. Cypress Wealth Services LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth $650,000. Elevation Capital Advisory LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 26.1% in the fourth quarter. Elevation Capital Advisory LLC now owns 161,707 shares of the company’s stock valued at $9,586,000 after purchasing an additional 33,420 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at $3,815,000.

Invesco S&P 500 Top 50 ETF Stock Up 1.3%

Shares of NYSEARCA:XLG opened at $61.23 on Wednesday. The firm has a market cap of $10.78 billion, a P/E ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 12-month low of $51.63 and a 12-month high of $64.77. The business has a fifty day simple moving average of $62.06 and a 200 day simple moving average of $59.23.

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.