Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Position Boosted by First Heartland Consultants Inc.

First Heartland Consultants Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,436 shares of the company’s stock after purchasing an additional 1,629 shares during the period. First Heartland Consultants Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Merit Financial Group LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 37.6% in the 4th quarter. Merit Financial Group LLC now owns 20,058 shares of the company’s stock worth $1,002,000 after acquiring an additional 5,486 shares during the last quarter. Commons Capital LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $1,102,000. Janney Montgomery Scott LLC increased its stake in Invesco S&P 500 Top 50 ETF by 13.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,551 shares of the company’s stock worth $2,526,000 after purchasing an additional 6,133 shares in the last quarter. Seros Financial LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $7,596,000. Finally, Secure Asset Management LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 36.8% during the fourth quarter. Secure Asset Management LLC now owns 5,779 shares of the company’s stock valued at $289,000 after buying an additional 1,556 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $48.60 on Thursday. The company has a 50-day moving average of $45.78 and a two-hundred day moving average of $48.55. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 26.13 and a beta of 1.04. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $51.80.

Invesco S&P 500 Top 50 ETF Company 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.