Summit Financial LLC Has $15 Million Holdings in Invesco S&P 500 Top 50 ETF $XLG

Summit Financial LLC reduced its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 252,968 shares of the company’s stock after selling 46,002 shares during the period. Summit Financial LLC owned about 0.13% of Invesco S&P 500 Top 50 ETF worth $14,996,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC increased its position in Invesco S&P 500 Top 50 ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock worth $684,942,000 after purchasing an additional 856,661 shares during the last quarter. Bank of America Corp DE increased its position in Invesco S&P 500 Top 50 ETF by 7.4% in the 3rd quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock worth $244,364,000 after purchasing an additional 291,048 shares during the last quarter. JPMorgan Chase & Co. increased its position in Invesco S&P 500 Top 50 ETF by 1.4% in the 4th quarter. JPMorgan Chase & Co. now owns 3,841,051 shares of the company’s stock worth $227,698,000 after purchasing an additional 54,449 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco S&P 500 Top 50 ETF by 1.2% in the 3rd quarter. Raymond James Financial Inc. now owns 2,900,899 shares of the company’s stock worth $166,860,000 after purchasing an additional 33,367 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Invesco S&P 500 Top 50 ETF by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,479,520 shares of the company’s stock worth $146,986,000 after purchasing an additional 9,069 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG opened at $61.32 on Friday. The company has a market cap of $10.80 billion, a PE ratio of 27.80 and a beta of 1.05. The stock has a 50-day moving average of $61.14 and a 200-day moving average of $59.11. Invesco S&P 500 Top 50 ETF has a 52-week low of $49.68 and a 52-week high of $64.77.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.