GFS Advisors LLC Buys New Shares in Invesco S&P 500 Top 50 ETF $XLG

GFS Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $261,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in Invesco S&P 500 Top 50 ETF by 8.7% in the first quarter. LPL Financial LLC now owns 10,622,082 shares of the company’s stock valued at $488,828,000 after purchasing an additional 847,025 shares during the last quarter. Invesco Ltd. increased its stake in Invesco S&P 500 Top 50 ETF by 212.9% in the first quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock valued at $154,785,000 after purchasing an additional 2,288,508 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Invesco S&P 500 Top 50 ETF by 130.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock valued at $115,324,000 after purchasing an additional 1,417,535 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Invesco S&P 500 Top 50 ETF in the first quarter valued at $110,557,000. Finally, Raymond James Financial Inc. increased its stake in Invesco S&P 500 Top 50 ETF by 1.1% in the first quarter. Raymond James Financial Inc. now owns 2,279,275 shares of the company’s stock valued at $104,892,000 after purchasing an additional 25,649 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 3.0%

Invesco S&P 500 Top 50 ETF stock opened at $56.50 on Friday. The stock has a fifty day moving average price of $55.95 and a 200 day moving average price of $51.28. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $58.48. The firm has a market capitalization of $10.81 billion, a P/E ratio of 27.80 and a beta of 1.00.

Invesco S&P 500 Top 50 ETF 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.