RM Financial Services LLC Purchases New Shares in Invesco S&P 500 Top 50 ETF $XLG

RM Financial Services LLC purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,425 shares of the company’s stock, valued at approximately $1,804,000. Invesco S&P 500 Top 50 ETF makes up about 1.6% of RM Financial Services LLC’s portfolio, making the stock its 14th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 32.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 214,224 shares of the company’s stock worth $12,699,000 after purchasing an additional 52,147 shares in the last quarter. Deutsche Bank AG purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $27,000. Insight Advisors LLC PA boosted its holdings in Invesco S&P 500 Top 50 ETF by 2.3% in the 4th quarter. Insight Advisors LLC PA now owns 10,950 shares of the company’s stock worth $649,000 after buying an additional 251 shares during the last quarter. Stonebrook Private Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 38.3% in the 4th quarter. Stonebrook Private Inc. now owns 352,065 shares of the company’s stock worth $20,870,000 after buying an additional 97,556 shares during the last quarter. Finally, Alteri Wealth LLC increased its stake in Invesco S&P 500 Top 50 ETF by 5.7% during the 4th quarter. Alteri Wealth LLC now owns 12,741 shares of the company’s stock worth $755,000 after buying an additional 682 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $60.68 on Thursday. The business has a 50 day simple moving average of $60.88 and a two-hundred day simple moving average of $59.06. The stock has a market capitalization of $10.69 billion, a P/E ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 12 month low of $49.68 and a 12 month high of $64.77.

About Invesco S&P 500 Top 50 ETF

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.