Stonebrook Private Inc. Acquires 2,113 Shares of Invesco S&P 500 Top 50 ETF $XLG

Stonebrook Private Inc. raised its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,955 shares of the company’s stock after purchasing an additional 2,113 shares during the period. Invesco S&P 500 Top 50 ETF accounts for about 1.2% of Stonebrook Private Inc.’s holdings, making the stock its 19th biggest position. Stonebrook Private Inc. owned 0.06% of Invesco S&P 500 Top 50 ETF worth $5,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 8.7% in the 1st quarter. LPL Financial LLC now owns 10,622,082 shares of the company’s stock worth $488,828,000 after buying an additional 847,025 shares during the period. Invesco Ltd. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 212.9% during the first quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock worth $154,785,000 after acquiring an additional 2,288,508 shares in the last quarter. Principle Wealth Partners LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 85.0% during the second quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock worth $139,744,000 after acquiring an additional 1,232,337 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 2,464,075 shares of the company’s stock worth $128,378,000 after acquiring an additional 61,706 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of 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 in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $57.53 on Wednesday. The business’s fifty day moving average is $58.08 and its 200 day moving average is $54.09. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $60.63.

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.