WealthPoint Financial LLC purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 69,239 shares of the company’s stock, valued at approximately $4,104,000. Invesco S&P 500 Top 50 ETF accounts for approximately 3.6% of WealthPoint Financial LLC’s portfolio, making the stock its 5th largest position.
Other hedge funds also recently made changes to their positions in the company. Birchbrook Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $27,000. Deutsche Bank AG purchased a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $27,000. Godsey & Gibb Inc. purchased a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $30,000. Group One Trading LLC increased 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 valued at $30,000 after buying an additional 57,871 shares during the period. Finally, Legacy Wealth Managment LLC ID bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $38,000.
Invesco S&P 500 Top 50 ETF Trading Up 0.9%
Shares of Invesco S&P 500 Top 50 ETF stock opened at $61.76 on Friday. Invesco S&P 500 Top 50 ETF has a 12-month low of $49.68 and a 12-month high of $64.77. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. The company’s 50-day moving average price is $61.69 and its 200-day moving average price is $59.19.
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.
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