Invesco S&P 500 Top 50 ETF $XLG is Core Wealth Advisors Inc.’s 5th Largest Position

Core Wealth Advisors Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 389,962 shares of the company’s stock after purchasing an additional 21,090 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises approximately 5.1% of Core Wealth Advisors Inc.’s portfolio, making the stock its 5th biggest position. Core Wealth Advisors Inc. owned approximately 0.22% of Invesco S&P 500 Top 50 ETF worth $21,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Birchbrook Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $27,000. Deutsche Bank AG acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth $27,000. Godsey & Gibb Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $30,000. Group One Trading LLC lifted its position in Invesco S&P 500 Top 50 ETF by 100.9% in the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after acquiring an additional 57,871 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $38,000.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $59.72 on Wednesday. The company has a fifty day moving average of $61.74 and a two-hundred day moving average of $59.47. The company has a market capitalization of $10.43 billion, a PE ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $64.77.

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. 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.