Founders Financial Securities LLC Acquires New Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Founders Financial Securities LLC purchased a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,488 shares of the company’s stock, valued at approximately $800,000.

A number of other institutional investors also recently modified their holdings of XLG. Voisard Asset Management Group Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth $28,000. Pineridge Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth $42,000. YHB Investment Advisors Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the first quarter worth $59,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth $73,000. Finally, VitalStone Financial LLC increased its position in Invesco S&P 500 Top 50 ETF by 21.7% during the first quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock worth $75,000 after acquiring an additional 319 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Down 0.4 %

Shares of XLG stock opened at $45.20 on Thursday. Invesco S&P 500 Top 50 ETF has a 1 year low of $32.74 and a 1 year high of $47.99. The firm’s fifty day simple moving average is $45.83 and its 200 day simple moving average is $43.61. The firm has a market capitalization of $4.41 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.