Traub Capital Management LLC Takes $104,000 Position in Invesco S&P 500 Top 50 ETF $XLG

Traub Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $104,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC grew its stake in Invesco S&P 500 Top 50 ETF by 8.7% in the 1st quarter. LPL Financial LLC now owns 10,622,082 shares of the company’s stock valued at $488,828,000 after buying an additional 847,025 shares during the last quarter. Invesco Ltd. raised its position in Invesco S&P 500 Top 50 ETF by 212.9% during the first quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock valued at $154,785,000 after purchasing an additional 2,288,508 shares in the last quarter. Principle Wealth Partners LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 85.0% during the 2nd quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock valued at $139,744,000 after purchasing an additional 1,232,337 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,464,075 shares of the company’s stock valued at $128,378,000 after acquiring an additional 61,706 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 1.1% in the 1st quarter. Raymond James Financial Inc. now owns 2,279,275 shares of the company’s stock valued at $104,892,000 after buying an additional 25,649 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 0.6%

Shares of XLG opened at $57.87 on Thursday. The stock’s 50-day moving average price is $58.11 and its two-hundred day moving average price is $54.12. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63. The company has a market capitalization of $11.13 billion, a PE ratio of 27.80 and a beta of 1.03.

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.