Jackson Wealth Management LLC increased its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,525 shares of the company’s stock after acquiring an additional 376 shares during the period. Jackson Wealth Management LLC owned approximately 0.14% of Invesco S&P 500 Top 50 ETF worth $7,021,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Hager Investment Management Services LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $30,000. Abound Wealth Management purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $30,000. Decker Retirement Planning Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $34,000. Concord Wealth Partners purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth about $47,000. Finally, Crews Bank & Trust purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $87,000.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of XLG stock opened at $50.84 on Wednesday. The stock’s 50-day moving average is $50.56 and its two-hundred day moving average is $48.16. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.75 and a 1 year high of $51.80.
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.
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