Dragon Financial & Investment Group LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 56,784 shares of the company’s stock, valued at approximately $11,877,000. Invesco S&P 500 Top 50 ETF accounts for approximately 13.5% of Dragon Financial & Investment Group LLC’s investment portfolio, making the stock its 3rd largest holding. Dragon Financial & Investment Group LLC owned 1.47% of Invesco S&P 500 Top 50 ETF as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in XLG. Fisher Asset Management LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $38,312,000. Cumberland Advisors Inc. lifted its position in Invesco S&P 500 Top 50 ETF by 87.3% during the 2nd quarter. Cumberland Advisors Inc. now owns 66,470 shares of the company’s stock valued at $12,811,000 after purchasing an additional 30,990 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $271,000. Creative Planning acquired a new position in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $213,000. Finally, Janney Montgomery Scott LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $925,000.

Shares of XLG stock traded up $0.94 on Friday, reaching $200.63. The company had a trading volume of 21,090 shares, compared to its average volume of 21,026. Invesco S&P 500 Top 50 ETF has a 12 month low of $179.77 and a 12 month high of $211.83.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 25th were paid a $1.026 dividend. The ex-dividend date was Monday, September 24th. This is a boost from Invesco S&P 500 Top 50 ETF’s previous quarterly dividend of $1.00. This represents a $4.10 dividend on an annualized basis and a dividend yield of 2.05%.

Invesco S&P 500 Top 50 ETF Company 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.

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Institutional Ownership by Quarter for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

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