IFC & Insurance Marketing Inc. Grows Stake in Invesco S&P 500 Top 50 ETF $XLG

IFC & Insurance Marketing Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,274 shares of the company’s stock after buying an additional 8,662 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up about 6.1% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 4th biggest position. IFC & Insurance Marketing Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $6,936,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Birchbrook Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $27,000. Deutsche Bank AG bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $27,000. Group One Trading LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after purchasing an additional 57,871 shares during the last quarter. Godsey & Gibb Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $30,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $38,000.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $63.30 on Monday. The company’s 50-day moving average price is $61.41 and its 200-day moving average price is $59.61. The stock has a market cap of $11.04 billion, a PE ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 12 month low of $52.60 and a 12 month high of $64.77.

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. 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.