City Center Advisors LLC Takes Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

City Center Advisors LLC purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 26,866 shares of the company’s stock, valued at approximately $1,342,000. Invesco S&P 500 Top 50 ETF accounts for about 1.5% of City Center Advisors LLC’s portfolio, making the stock its 9th biggest position.

Several other large investors have also added to or reduced their stakes in XLG. Choreo LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $625,000. Oppenheimer & Co. Inc. boosted its position in Invesco S&P 500 Top 50 ETF by 46.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 68,734 shares of the company’s stock valued at $3,145,000 after acquiring an additional 21,701 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Invesco S&P 500 Top 50 ETF by 20.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock valued at $40,044,000 after acquiring an additional 151,025 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 33.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 40,530 shares of the company’s stock worth $1,854,000 after acquiring an additional 10,231 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 81.7% in the 2nd quarter. Renaissance Technologies LLC now owns 141,200 shares of the company’s stock valued at $6,460,000 after purchasing an additional 63,500 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 1.5 %

NYSEARCA XLG opened at $49.50 on Monday. The stock’s 50 day moving average is $50.08 and its 200 day moving average is $47.74. The firm has a market capitalization of $4.83 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a twelve month low of $37.67 and a twelve month high of $51.76.

Invesco S&P 500 Top 50 ETF 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.