Concurrent Investment Advisors LLC Grows Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Concurrent Investment Advisors LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 76.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,556 shares of the company’s stock after purchasing an additional 50,322 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.12% of Invesco S&P 500 Top 50 ETF worth $5,823,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XLG. Foundations Investment Advisors LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 127.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 22,758 shares of the company’s stock worth $1,082,000 after purchasing an additional 12,758 shares during the period. Sequoia Financial Advisors LLC increased its position in Invesco S&P 500 Top 50 ETF by 3.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 25,796 shares of the company’s stock worth $1,226,000 after purchasing an additional 745 shares in the last quarter. Greystone Financial Group LLC purchased a new position in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $1,802,000. RiverTree Advisors LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the third quarter valued at approximately $347,000. Finally, Jackson Wealth Management LLC grew its stake in Invesco S&P 500 Top 50 ETF by 110.4% during the third quarter. Jackson Wealth Management LLC now owns 140,149 shares of the company’s stock worth $6,661,000 after buying an additional 73,529 shares during the period.

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

Invesco S&P 500 Top 50 ETF stock opened at $51.53 on Friday. The firm has a fifty day moving average of $50.77 and a 200-day moving average of $48.65. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.75 and a 52-week high of $51.80. The firm has a market capitalization of $5.02 billion, a P/E 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.