Invesco S&P 500 Top 50 ETF $XLG Shares Bought by Madrona Financial Services LLC

Madrona Financial Services LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 498.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,761 shares of the company’s stock after buying an additional 95,586 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises 1.1% of Madrona Financial Services LLC’s investment portfolio, making the stock its 25th biggest position. Madrona Financial Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $7,300,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XLG. Key Client Fiduciary Advisors LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 1.5% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 13,549 shares of the company’s stock worth $830,000 after buying an additional 205 shares during the period. Team Financial Group LLC grew its stake in Invesco S&P 500 Top 50 ETF by 22.8% in the 1st quarter. Team Financial Group LLC now owns 1,389 shares of the company’s stock valued at $76,000 after buying an additional 258 shares in the last quarter. Investors Research Corp grew its stake in Invesco S&P 500 Top 50 ETF by 3.2% in the 2nd quarter. Investors Research Corp now owns 11,037 shares of the company’s stock valued at $676,000 after buying an additional 339 shares in the last quarter. Retireful LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 2.6% during the 2nd quarter. Retireful LLC now owns 13,778 shares of the company’s stock valued at $845,000 after acquiring an additional 351 shares during the period. Finally, NFSG Corp raised its holdings in Invesco S&P 500 Top 50 ETF by 2.1% during the 3rd quarter. NFSG Corp now owns 18,895 shares of the company’s stock valued at $1,202,000 after acquiring an additional 381 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $62.26 on Friday. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The company’s fifty day simple moving average is $63.26 and its two-hundred day simple moving average is $62.03. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $65.26.

About Invesco S&P 500 Top 50 ETF

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.

XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.

The fund began operations in 2005 and is listed on NYSE Arca.