Novak & Powell Financial Services Inc. Buys 300 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Novak & Powell Financial Services Inc. boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,672 shares of the company’s stock after acquiring an additional 300 shares during the period. Novak & Powell Financial Services Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $283,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in XLG. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $32,000. Transce3nd LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $47,000. Finally, Rothschild Investment LLC purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter worth $50,000.

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

Shares of XLG stock opened at $49.25 on Wednesday. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $51.80. The business’s fifty day simple moving average is $45.74 and its 200-day simple moving average is $48.55. The company has a market cap of $8.77 billion, a PE ratio of 26.13 and a beta of 1.04.

Invesco S&P 500 Top 50 ETF Company 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.