Wedbush Securities Inc. bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,045 shares of the company’s stock, valued at approximately $2,674,000.
Other large investors have also recently bought and sold shares of the company. Birch Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $27,000. Godsey & Gibb Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the third quarter valued at $32,000. Atlantic Private Wealth LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at $57,000. Beacon Investment Advisory Services Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at $61,000. Finally, Ancora Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at $72,000.
Invesco S&P 500 Top 50 ETF Price Performance
Shares of NYSEARCA:XLG opened at $62.26 on Friday. The company’s 50-day moving average price is $63.26 and its two-hundred day moving average price is $62.03. Invesco S&P 500 Top 50 ETF has a one year low of $52.60 and a one year high of $65.26. The stock has a market capitalization of $11.70 billion, a PE ratio of 27.80 and a beta of 1.06.
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.
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