Cornerstone Wealth Group LLC Has $4.47 Million Position in Invesco S&P 500 Top 50 ETF $XLG

Cornerstone Wealth Group LLC grew its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 823.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,088 shares of the company’s stock after acquiring an additional 66,958 shares during the period. Cornerstone Wealth Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,466,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Birchbrook Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $27,000. Deutsche Bank AG acquired a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $27,000. Godsey & Gibb Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $30,000. Group One Trading LLC increased its position in Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after buying an additional 57,871 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $38,000.

Invesco S&P 500 Top 50 ETF Stock Down 0.4%

XLG opened at $59.30 on Friday. Invesco S&P 500 Top 50 ETF has a 12-month low of $51.47 and a 12-month high of $64.77. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. The business has a 50 day moving average of $62.01 and a 200-day moving average of $59.22.

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.