PFG Advisors Acquires 153,876 Shares of Invesco S&P 500 Top 50 ETF $XLG

PFG Advisors grew its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 278.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 209,166 shares of the company’s stock after acquiring an additional 153,876 shares during the period. PFG Advisors’ holdings in Invesco S&P 500 Top 50 ETF were worth $12,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XLG. Belpointe Asset Management LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 284.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 20,364 shares of the company’s stock valued at $1,171,000 after purchasing an additional 15,067 shares during the last quarter. Aspire Capital Advisors LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 55.1% in the third quarter. Aspire Capital Advisors LLC now owns 133,700 shares of the company’s stock valued at $7,690,000 after purchasing an additional 47,513 shares during the last quarter. Fortis Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at $869,000. Retirement Planning Group LLC NY bought a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at about $533,000. Finally, AE Wealth Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 71.4% in the second quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock valued at $6,587,000 after purchasing an additional 52,645 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $56.59 on Monday. The stock has a market cap of $11.01 billion, a PE ratio of 27.80 and a beta of 1.03. The firm has a 50-day moving average of $58.33 and a 200-day moving average of $58.07. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $60.63.

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.