57,287 Invesco S&P 500 Top 50 ETF $XLG Shares Acquired by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 271.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 78,372 shares of the company’s stock after acquiring an additional 57,287 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up approximately 2.0% of Elevation Capital Advisory LLC’s investment portfolio, making the stock its 22nd largest holding. Elevation Capital Advisory LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,985,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of XLG. Johnson Financial Group Inc. lifted its position in Invesco S&P 500 Top 50 ETF by 2.7% during the 1st quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock worth $113,010,000 after acquiring an additional 53,884 shares during the last quarter. Lido Advisors LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 6.2% during the first quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock valued at $72,413,000 after acquiring an additional 77,171 shares during the period. Bogart Wealth LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 2.3% in the first quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock valued at $59,957,000 after purchasing an additional 24,787 shares during the last quarter. Demars Financial Group LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 3.6% in the third quarter. Demars Financial Group LLC now owns 804,452 shares of the company’s stock valued at $51,171,000 after purchasing an additional 28,031 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 3.2% in the first quarter. Kestra Advisory Services LLC now owns 485,942 shares of the company’s stock valued at $26,508,000 after purchasing an additional 14,987 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Invesco S&P 500 Top 50 ETF stock opened at $61.47 on Friday. The business’s 50-day simple moving average is $63.29 and its 200-day simple moving average is $60.66. The firm has a market capitalization of $11.53 billion, a PE 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.

Invesco S&P 500 Top 50 ETF Profile

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.