Demars Financial Group LLC Grows Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Demars Financial Group LLC boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5,930.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,403,144 shares of the company’s stock after buying an additional 27,932,132 shares during the period. Invesco S&P 500 Top 50 ETF comprises about 4.4% of Demars Financial Group LLC’s portfolio, making the stock its 5th biggest holding. Demars Financial Group LLC owned approximately 0.29% of Invesco S&P 500 Top 50 ETF worth $1,419,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Invesco S&P 500 Top 50 ETF by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock worth $34,396,000 after buying an additional 24,527 shares during the period. Truist Financial Corp lifted its holdings in Invesco S&P 500 Top 50 ETF by 1.5% during the fourth quarter. Truist Financial Corp now owns 29,649 shares of the company’s stock worth $1,481,000 after acquiring an additional 426 shares during the period. Advisors Preferred LLC purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $1,101,000. US Bancorp DE lifted its position in shares of Invesco S&P 500 Top 50 ETF by 2.5% during the 4th quarter. US Bancorp DE now owns 24,549 shares of the company’s stock valued at $1,226,000 after buying an additional 610 shares during the last quarter. Finally, Investors Research Corp boosted its holdings in Invesco S&P 500 Top 50 ETF by 50.7% in the 4th quarter. Investors Research Corp now owns 2,877 shares of the company’s stock worth $144,000 after buying an additional 968 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $43.29 on Thursday. The stock has a market capitalization of $7.52 billion, a PE ratio of 26.47 and a beta of 1.01. The company’s 50 day simple moving average is $47.22 and its two-hundred day simple moving average is $48.79. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $51.80.

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.