Madrona Financial Services LLC Increases Stake in Invesco S&P 500 Top 50 ETF $XLG

Madrona Financial Services LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 22.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,140 shares of the company’s stock after buying an additional 3,929 shares during the quarter. Madrona Financial Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SouthState Corp purchased a new stake in Invesco S&P 500 Top 50 ETF during the 1st quarter valued at about $28,000. MTM Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the first quarter valued at approximately $30,000. Y.D. More Investments Ltd increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 149.2% in the first quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock valued at $30,000 after purchasing an additional 388 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Invesco S&P 500 Top 50 ETF during the first quarter worth approximately $43,000. Finally, Headlands Technologies LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 1,280.7% during the first quarter. Headlands Technologies LLC now owns 1,146 shares of the company’s stock worth $53,000 after buying an additional 1,063 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.4%

Shares of XLG opened at $57.74 on Thursday. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $57.93. The stock has a fifty day simple moving average of $55.39 and a two-hundred day simple moving average of $50.73. The company has a market capitalization of $10.57 billion, a PE ratio of 27.80 and a beta of 1.00.

Invesco S&P 500 Top 50 ETF 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.