Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,008,070 shares of the company’s stock after purchasing an additional 66,640 shares during the period. Stifel Financial Corp owned 1.03% of Invesco S&P 500 Top 50 ETF worth $50,364,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XLG. Halbert Hargrove Global Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $26,000. Abound Wealth Management acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $30,000. Hager Investment Management Services LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $30,000. Millstone Evans Group LLC acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $34,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG opened at $43.20 on Wednesday. The company has a market cap of $7.64 billion, a PE ratio of 25.84 and a beta of 1.04. The company has a 50-day simple moving average of $46.57 and a 200-day simple moving average of $48.69. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month 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.