Demars Financial Group LLC Reduces Holdings in Invesco S&P 500 Top 50 ETF $XLG

Demars Financial Group LLC reduced its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 775,044 shares of the company’s stock after selling 20,054 shares during the period. Invesco S&P 500 Top 50 ETF accounts for approximately 13.9% of Demars Financial Group LLC’s holdings, making the stock its 2nd biggest position. Demars Financial Group LLC owned approximately 0.44% of Invesco S&P 500 Top 50 ETF worth $42,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Birchbrook Inc. bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $27,000. Deutsche Bank AG acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth approximately $27,000. Godsey & Gibb Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $30,000. Group One Trading LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 100.9% during the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after purchasing an additional 57,871 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $38,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $61.09 on Thursday. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.27 and a 1 year high of $64.77. The business’s fifty day moving average is $62.15 and its 200-day moving average is $59.33. The stock has a market cap of $10.69 billion, a PE ratio of 27.80 and a beta of 1.06.

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.