Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 309,000 shares of the company’s stock, valued at approximately $19,655,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Johnson Financial Group Inc. increased its position in Invesco S&P 500 Top 50 ETF by 2.7% in the first quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock worth $113,010,000 after purchasing an additional 53,884 shares during the period. Lido Advisors LLC lifted its position in Invesco S&P 500 Top 50 ETF by 6.2% during the 1st quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock valued at $72,413,000 after purchasing an additional 77,171 shares during the period. Bogart Wealth LLC lifted its position in Invesco S&P 500 Top 50 ETF by 2.3% during the 1st quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock valued at $59,957,000 after purchasing an additional 24,787 shares during the period. Demars Financial Group LLC lifted its position in Invesco S&P 500 Top 50 ETF by 3.6% during the 3rd quarter. Demars Financial Group LLC now owns 804,452 shares of the company’s stock valued at $51,171,000 after purchasing an additional 28,031 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 3.2% during the 1st quarter. Kestra Advisory Services LLC now owns 485,942 shares of the company’s stock worth $26,508,000 after acquiring an additional 14,987 shares during the period.
Invesco S&P 500 Top 50 ETF Stock Performance
Shares of NYSEARCA:XLG opened at $60.90 on Tuesday. Invesco S&P 500 Top 50 ETF has a 52 week low of $52.60 and a 52 week high of $65.26. The company has a 50 day moving average price of $63.26 and a two-hundred day moving average price of $60.67. The company has a market capitalization of $11.42 billion, a PE ratio of 27.80 and a beta of 1.06.
Invesco S&P 500 Top 50 ETF Company Profile
Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.
XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.
The fund began operations in 2005 and is listed on NYSE Arca.
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