PFG Advisors Boosts Stock Position in Invesco S&P 500 Top 50 ETF $XLG

PFG Advisors boosted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 10.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,290 shares of the company’s stock after acquiring an additional 5,422 shares during the quarter. PFG Advisors’ holdings in Invesco S&P 500 Top 50 ETF were worth $2,881,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Prospera Financial Services Inc acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $292,000. AE Wealth Management LLC boosted its position in Invesco S&P 500 Top 50 ETF by 71.4% in the 2nd quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock valued at $6,587,000 after buying an additional 52,645 shares during the period. Metis Global Partners LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 312.1% in the second quarter. Metis Global Partners LLC now owns 22,838 shares of the company’s stock worth $1,190,000 after acquiring an additional 17,296 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 9.8% in the second quarter. Wedbush Securities Inc. now owns 37,752 shares of the company’s stock worth $1,967,000 after acquiring an additional 3,381 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 7.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,333,341 shares of the company’s stock worth $69,467,000 after acquiring an additional 97,328 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Down 0.3%

Shares of NYSEARCA XLG opened at $58.45 on Monday. The stock has a market cap of $11.24 billion, a P/E ratio of 27.80 and a beta of 1.03. The business’s fifty day simple moving average is $57.57 and its 200-day simple moving average is $53.45. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63.

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.