TAP Consulting LLC Increases Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

TAP Consulting LLC raised its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,442 shares of the company’s stock after buying an additional 16,117 shares during the period. Invesco S&P 500 Top 50 ETF makes up approximately 1.2% of TAP Consulting LLC’s portfolio, making the stock its 20th largest position. TAP Consulting LLC owned 0.12% of Invesco S&P 500 Top 50 ETF worth $6,017,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XLG. Valley Brook Capital Group Inc. increased its holdings in Invesco S&P 500 Top 50 ETF by 6.4% in the fourth quarter. Valley Brook Capital Group Inc. now owns 5,855 shares of the company’s stock valued at $293,000 after buying an additional 350 shares during the last quarter. Joel Isaacson & Co. LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.0% in the 4th quarter. Joel Isaacson & Co. LLC now owns 12,587 shares of the company’s stock valued at $629,000 after acquiring an additional 368 shares during the last quarter. Jackson Wealth Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 0.3% during the 4th quarter. Jackson Wealth Management LLC now owns 140,525 shares of the company’s stock worth $7,021,000 after acquiring an additional 376 shares in the last quarter. Cooper Financial Group increased its stake in Invesco S&P 500 Top 50 ETF by 8.8% in the fourth quarter. Cooper Financial Group now owns 4,901 shares of the company’s stock valued at $245,000 after purchasing an additional 398 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 0.4% during the fourth quarter. Principal Securities Inc. now owns 99,197 shares of the company’s stock worth $4,956,000 after purchasing an additional 418 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $46.75 on Thursday. The firm has a fifty day moving average price of $49.73 and a 200 day moving average price of $49.04. The stock has a market cap of $8.18 billion, a PE ratio of 26.40 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80.

Invesco S&P 500 Top 50 ETF Profile

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.