Kathmere Capital Management LLC Invests $857,000 in Invesco S&P 500 Top 50 ETF $XLG

Kathmere Capital Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 14,463 shares of the company’s stock, valued at approximately $857,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 444.6% in the 1st quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock valued at $8,416,000 after purchasing an additional 149,290 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 14.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 75,299 shares of the company’s stock worth $3,923,000 after buying an additional 9,376 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 28.5% during the second quarter. J.W. Cole Advisors Inc. now owns 51,454 shares of the company’s stock worth $2,681,000 after buying an additional 11,413 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 151.8% during the second quarter. Russell Investments Group Ltd. now owns 1,536 shares of the company’s stock worth $80,000 after buying an additional 926 shares in the last quarter. Finally, Choreo LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 7.5% during the second quarter. Choreo LLC now owns 11,225 shares of the company’s stock worth $585,000 after buying an additional 783 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $52.92 on Friday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $60.63. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The stock has a fifty day moving average of $57.20 and a 200-day moving average of $58.09.

About Invesco S&P 500 Top 50 ETF

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.