Redwood Financial Network Corp Purchases New Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Redwood Financial Network Corp acquired a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,120 shares of the company’s stock, valued at approximately $206,000.

Several other large investors have also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $30,000. Millstone Evans Group LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $32,000. Decker Retirement Planning Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $34,000. Finally, Transce3nd LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $47,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $49.13 on Thursday. The stock has a market cap of $8.74 billion, a PE ratio of 26.13 and a beta of 1.04. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $51.80. The stock has a fifty day moving average price of $45.49 and a 200 day moving average price of $48.51.

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.