Invesco S&P 500 Top 50 ETF $XLG Stock: Demars Financial Group LLC Boosts Position

Demars Financial Group LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 804,452 shares of the company’s stock after acquiring an additional 28,031 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up 13.3% of Demars Financial Group LLC’s investment portfolio, making the stock its 2nd largest position. Demars Financial Group LLC owned approximately 0.43% of Invesco S&P 500 Top 50 ETF worth $51,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 77.0% in the second quarter. Sequoia Financial Advisors LLC now owns 38,654 shares of the company’s stock valued at $2,394,000 after purchasing an additional 16,813 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 9.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 153,999 shares of the company’s stock worth $9,444,000 after purchasing an additional 12,814 shares in the last quarter. Aspire Capital Advisors LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 17.3% during the 2nd quarter. Aspire Capital Advisors LLC now owns 94,434 shares of the company’s stock worth $5,782,000 after purchasing an additional 13,913 shares during the last quarter. Modern Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth approximately $1,475,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter worth approximately $9,532,000.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $62.55 on Friday. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $65.26. The stock’s 50 day moving average price is $63.28 and its 200 day moving average price is $62.03. The firm has a market cap of $11.75 billion, a P/E 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.