Invesco S&P 500 Top 50 ETF $XLG Stock: Cyr Financial Inc. Raises Position

Cyr Financial Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 7.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 287,091 shares of the company’s stock after purchasing an additional 20,287 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up approximately 8.7% of Cyr Financial Inc.’s holdings, making the stock its 2nd largest position. Cyr Financial Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $18,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XLG. Key Client Fiduciary Advisors LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.5% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 13,549 shares of the company’s stock valued at $830,000 after acquiring an additional 205 shares during the last quarter. Team Financial Group LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 22.8% during the first quarter. Team Financial Group LLC now owns 1,389 shares of the company’s stock worth $76,000 after purchasing an additional 258 shares during the last quarter. Investors Research Corp lifted its stake in Invesco S&P 500 Top 50 ETF by 3.2% during the second quarter. Investors Research Corp now owns 11,037 shares of the company’s stock worth $676,000 after purchasing an additional 339 shares during the last quarter. Retireful LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 2.6% during the second quarter. Retireful LLC now owns 13,778 shares of the company’s stock worth $845,000 after purchasing an additional 351 shares during the last quarter. Finally, NFSG Corp boosted its holdings in Invesco S&P 500 Top 50 ETF by 2.1% in the third quarter. NFSG Corp now owns 18,895 shares of the company’s stock valued at $1,202,000 after purchasing an additional 381 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 1.4%

Shares of Invesco S&P 500 Top 50 ETF stock opened at $62.99 on Friday. The firm has a market capitalization of $11.67 billion, a P/E ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 52 week low of $52.60 and a 52 week high of $65.26. The firm’s 50 day moving average is $63.25 and its two-hundred day moving average is $61.72.

About Invesco S&P 500 Top 50 ETF

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.

XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.

The fund began operations in 2005 and is listed on NYSE Arca.