Horst & Graben Wealth Management LLC Purchases New Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Horst & Graben Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 116,236 shares of the company’s stock, valued at approximately $5,349,000. Invesco S&P 500 Top 50 ETF makes up 1.0% of Horst & Graben Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Horst & Graben Wealth Management LLC owned approximately 0.07% of Invesco S&P 500 Top 50 ETF as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of XLG. Client First Capital LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 34.6% during the first quarter. Client First Capital LLC now owns 117,853 shares of the company’s stock worth $5,424,000 after acquiring an additional 30,271 shares during the last quarter. Fullcircle Wealth LLC bought a new position in Invesco S&P 500 Top 50 ETF in the first quarter valued at about $356,000. Centennial Bank AR grew its position in shares of Invesco S&P 500 Top 50 ETF by 34.6% during the 1st quarter. Centennial Bank AR now owns 12,250 shares of the company’s stock worth $564,000 after buying an additional 3,150 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 27.1% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 39,886 shares of the company’s stock worth $1,836,000 after buying an additional 8,502 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 41.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,631,353 shares of the company’s stock valued at $75,075,000 after purchasing an additional 480,354 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Up 0.9%

Invesco S&P 500 Top 50 ETF stock opened at $52.61 on Monday. The firm has a market capitalization of $9.53 billion, a P/E ratio of 27.80 and a beta of 1.00. The business has a 50-day moving average of $49.33 and a 200-day moving average of $48.65. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $52.69.

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.