Founders Financial Securities LLC Buys Shares of 18,094 Invesco S&P 500 Top 50 ETF $XLG

Founders Financial Securities LLC acquired a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, Holdings Channel reports. The firm acquired 18,094 shares of the company’s stock, valued at approximately $1,073,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XLG. Jane Street Group LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 444.6% in the 1st quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock valued at $8,416,000 after buying an additional 149,290 shares during the period. Russell Investments Group Ltd. boosted its holdings in Invesco S&P 500 Top 50 ETF by 151.8% in the second quarter. Russell Investments Group Ltd. now owns 1,536 shares of the company’s stock valued at $80,000 after purchasing an additional 926 shares in the last quarter. Marshall Wace LLP acquired a new position in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $7,118,000. Qube Research & Technologies Ltd boosted its holdings in Invesco S&P 500 Top 50 ETF by 230.7% in the second quarter. Qube Research & Technologies Ltd now owns 9,629 shares of the company’s stock valued at $502,000 after purchasing an additional 6,717 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 98.2% in the second quarter. Main Street Financial Solutions LLC now owns 13,896 shares of the company’s stock valued at $724,000 after purchasing an additional 6,886 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 0.3%

Shares of NYSEARCA XLG opened at $64.59 on Tuesday. Invesco S&P 500 Top 50 ETF has a twelve month low of $49.00 and a twelve month high of $64.77. The stock has a 50 day moving average of $59.68 and a two-hundred day moving average of $58.84. The stock has a market cap of $11.37 billion, a P/E ratio of 27.80 and a beta of 1.05.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.