Cresta Advisors Ltd. Increases Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Cresta Advisors Ltd. grew its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,559 shares of the company’s stock after buying an additional 3,033 shares during the period. Invesco S&P 500 Top 50 ETF accounts for approximately 1.6% of Cresta Advisors Ltd.’s holdings, making the stock its 17th biggest position. Cresta Advisors Ltd. owned 0.06% of Invesco S&P 500 Top 50 ETF worth $2,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pineridge Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $42,000. Concord Wealth Partners bought a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter valued at $47,000. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at $73,000. Investors Research Corp raised its position in shares of Invesco S&P 500 Top 50 ETF by 126.7% in the 3rd quarter. Investors Research Corp now owns 1,909 shares of the company’s stock worth $91,000 after purchasing an additional 1,067 shares during the last quarter. Finally, First Personal Financial Services bought a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $97,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $50.72 on Wednesday. The company has a 50-day simple moving average of $48.73 and a two-hundred day simple moving average of $46.74. Invesco S&P 500 Top 50 ETF has a 52-week low of $36.54 and a 52-week high of $51.11. The stock has a market capitalization of $4.94 billion, a PE ratio of 2.92 and a beta of 1.08.

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.