Snider Financial Group Buys 1,029 Shares of Invesco S&P 500 Top 50 ETF $XLG

Snider Financial Group raised its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,689 shares of the company’s stock after acquiring an additional 1,029 shares during the quarter. Snider Financial Group’s holdings in Invesco S&P 500 Top 50 ETF were worth $974,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Invesco S&P 500 Top 50 ETF during the first quarter worth approximately $110,557,000. Invesco Ltd. grew its holdings in Invesco S&P 500 Top 50 ETF by 212.9% in the 1st quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock valued at $154,785,000 after buying an additional 2,288,508 shares in the last quarter. Principle Wealth Partners LLC increased its position in Invesco S&P 500 Top 50 ETF by 85.0% during the 2nd quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock worth $139,744,000 after buying an additional 1,232,337 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 225.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,720,414 shares of the company’s stock worth $79,173,000 after buying an additional 1,192,557 shares in the last quarter. Finally, Bogart Wealth LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 17,727.9% in the first quarter. Bogart Wealth LLC now owns 1,044,004 shares of the company’s stock valued at $48,045,000 after acquiring an additional 1,038,148 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $59.90 on Monday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $60.63. The company has a market capitalization of $11.51 billion, a PE ratio of 27.80 and a beta of 1.03. The company’s 50-day simple moving average is $57.16 and its 200 day simple moving average is $52.89.

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.