Harbor Asset Planning Inc. Makes New $31,000 Investment in Invesco S&P 500 Top 50 ETF $XLG

Harbor Asset Planning Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the second quarter, HoldingsChannel.com reports. The firm acquired 603 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XLG. Bank of New York Mellon Corp bought a new position in Invesco S&P 500 Top 50 ETF during the first quarter worth $110,557,000. Invesco Ltd. boosted its position in Invesco S&P 500 Top 50 ETF by 212.9% during the first quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock worth $154,785,000 after purchasing an additional 2,288,508 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 130.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock valued at $115,324,000 after acquiring an additional 1,417,535 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 225.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,720,414 shares of the company’s stock valued at $79,173,000 after acquiring an additional 1,192,557 shares during the period. Finally, Means Investment CO. Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 1,122.3% in the first quarter. Means Investment CO. Inc. now owns 1,267,671 shares of the company’s stock valued at $58,338,000 after acquiring an additional 1,163,956 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $57.55 on Friday. The firm has a 50-day moving average of $56.29 and a 200-day moving average of $51.63. The stock has a market cap of $11.07 billion, a PE ratio of 27.80 and a beta of 1.00. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $58.48.

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.