Wedbush Securities Inc. Acquires New Shares in Invesco S&P 500 Top 50 ETF $XLG

Wedbush Securities Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 42,045 shares of the company’s stock, valued at approximately $2,674,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 77.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,654 shares of the company’s stock valued at $2,394,000 after acquiring an additional 16,813 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 9.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 153,999 shares of the company’s stock worth $9,444,000 after purchasing an additional 12,814 shares during the last quarter. Aspire Capital Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 17.3% during the 2nd quarter. Aspire Capital Advisors LLC now owns 94,434 shares of the company’s stock worth $5,782,000 after purchasing an additional 13,913 shares during the last quarter. Modern Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth about $1,475,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $9,532,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $62.26 on Friday. The firm’s 50-day moving average is $63.26 and its 200-day moving average is $62.03. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 52-week low of $52.60 and a 52-week 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.