Independent Financial Group LLC Takes $2.79 Million Position in Invesco S&P 500 Top 50 ETF $XLG

Independent Financial Group LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,059 shares of the company’s stock, valued at approximately $2,785,000.

A number of other hedge funds have also recently modified their holdings of XLG. D.A. Davidson & CO. raised its position in Invesco S&P 500 Top 50 ETF by 1.2% during the first quarter. D.A. Davidson & CO. now owns 137,242 shares of the company’s stock valued at $7,487,000 after acquiring an additional 1,640 shares in the last quarter. Seros Financial LLC boosted its position in Invesco S&P 500 Top 50 ETF by 7.0% in the 1st quarter. Seros Financial LLC now owns 172,669 shares of the company’s stock worth $9,419,000 after purchasing an additional 11,310 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth approximately $327,000. Team Financial Group LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 22.8% during the 1st quarter. Team Financial Group LLC now owns 1,389 shares of the company’s stock worth $76,000 after purchasing an additional 258 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 1,524.2% during the 1st quarter. Fifth Third Bancorp now owns 49,699 shares of the company’s stock valued at $2,711,000 after purchasing an additional 46,639 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $60.71 on Friday. The firm has a fifty day moving average price of $62.15 and a 200 day moving average price of $59.42. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $64.77. The stock has a market cap of $10.62 billion, a P/E ratio of 27.80 and a beta of 1.06.

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. 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.