POM Investment Strategies LLC Grows Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

POM Investment Strategies LLC increased its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 318,001 shares of the company’s stock after purchasing an additional 1,078 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up approximately 11.6% of POM Investment Strategies LLC’s investment portfolio, making the stock its biggest position. POM Investment Strategies LLC owned approximately 0.33% of Invesco S&P 500 Top 50 ETF worth $14,549,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Penbrook Management LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the second quarter worth about $474,000. Capital Wealth Alliance LLC lifted its position in Invesco S&P 500 Top 50 ETF by 1.1% during the second quarter. Capital Wealth Alliance LLC now owns 41,869 shares of the company’s stock valued at $1,916,000 after purchasing an additional 437 shares during the period. ShoreHaven Wealth Partners LLC lifted its position in Invesco S&P 500 Top 50 ETF by 0.8% during the second quarter. ShoreHaven Wealth Partners LLC now owns 49,736 shares of the company’s stock valued at $2,275,000 after purchasing an additional 371 shares during the period. &PARTNERS raised its position in shares of Invesco S&P 500 Top 50 ETF by 34.4% in the second quarter. &PARTNERS now owns 74,145 shares of the company’s stock worth $3,392,000 after acquiring an additional 18,995 shares during the period. Finally, Precedent Wealth Partners LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 12.2% during the second quarter. Precedent Wealth Partners LLC now owns 134,015 shares of the company’s stock worth $6,131,000 after purchasing an additional 14,611 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG traded up $0.52 during trading hours on Friday, hitting $46.69. 1,363,018 shares of the company’s stock traded hands, compared to its average volume of 1,496,228. The firm’s 50-day moving average is $45.77 and its 200-day moving average is $43.31. Invesco S&P 500 Top 50 ETF has a 52-week low of $32.74 and a 52-week high of $47.99. The company has a market capitalization of $4.55 billion, a PE ratio of 2.92 and a beta of 1.08.

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.