Invesco S&P 500 Top 50 ETF $XLG Stock Bought by Madrona Financial Services LLC

Madrona Financial Services LLC boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 498.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,761 shares of the company’s stock after purchasing an additional 95,586 shares during the period. Invesco S&P 500 Top 50 ETF comprises approximately 1.1% of Madrona Financial Services LLC’s portfolio, making the stock its 25th biggest holding. Madrona Financial Services LLC owned 0.06% of Invesco S&P 500 Top 50 ETF worth $7,300,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. NTV Asset Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the third quarter worth $1,952,000. Evergreen Capital Management LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at $510,000. Wedbush Securities Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at $2,674,000. Insight Advisors LLC PA raised its stake in shares of Invesco S&P 500 Top 50 ETF by 12.3% in the third quarter. Insight Advisors LLC PA now owns 13,054 shares of the company’s stock valued at $830,000 after buying an additional 1,425 shares during the period. Finally, Demars Financial Group LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 3.6% during the 3rd quarter. Demars Financial Group LLC now owns 804,452 shares of the company’s stock valued at $51,171,000 after buying an additional 28,031 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG opened at $62.26 on Friday. Invesco S&P 500 Top 50 ETF has a one year low of $52.60 and a one year high of $65.26. The business’s fifty day moving average price is $63.26 and its 200-day moving average price is $62.03. 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.