Wedbush Securities Inc. Increases Holdings in Invesco S&P 500 Top 50 ETF $XLG

Wedbush Securities Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,752 shares of the company’s stock after purchasing an additional 3,381 shares during the period. Wedbush Securities Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp bought a new position in shares of Invesco S&P 500 Top 50 ETF during the first quarter valued at approximately $28,000. Harbor Asset Planning Inc. purchased a new position in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at $31,000. MTM Investment Management LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 1st quarter worth $30,000. Y.D. More Investments Ltd raised its holdings in Invesco S&P 500 Top 50 ETF by 149.2% in the 1st quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock worth $30,000 after purchasing an additional 388 shares in the last quarter. Finally, LGT Financial Advisors LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 248.5% in the 2nd quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock worth $41,000 after purchasing an additional 564 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG opened at $58.45 on Friday. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $60.63. The company’s 50-day moving average is $57.57 and its 200 day moving average is $53.39. The stock has a market capitalization of $11.24 billion, a P/E ratio of 27.80 and a beta of 1.03.

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.