Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 14.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,085 shares of the company’s stock after purchasing an additional 6,849 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,279,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. PFG Advisors purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 1st quarter worth about $491,000. Oppenheimer & Co. Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 121.9% in the first quarter. Oppenheimer & Co. Inc. now owns 47,033 shares of the company’s stock valued at $1,982,000 after buying an additional 25,841 shares during the period. Hilltop National Bank acquired a new position in Invesco S&P 500 Top 50 ETF during the first quarter valued at approximately $964,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the first quarter worth approximately $225,000. Finally, VitalStone Financial LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 21.7% in the first quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock worth $75,000 after acquiring an additional 319 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG traded up $0.16 during midday trading on Monday, hitting $47.36. 2,221,490 shares of the company’s stock traded hands, compared to its average volume of 1,331,957. Invesco S&P 500 Top 50 ETF has a twelve month low of $32.74 and a twelve month high of $47.99. The company has a market cap of $4.62 billion, a PE ratio of 2.92 and a beta of 1.08. The firm’s fifty day moving average price is $44.69 and its two-hundred day moving average price is $41.91.

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.