GFS Advisors LLC Acquires New Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

GFS Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds have also bought and sold shares of XLG. Abound Wealth Management bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $30,000. Decker Retirement Planning Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth $34,000. Concord Wealth Partners purchased a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at about $47,000. Crews Bank & Trust bought a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $87,000. Finally, Investors Research Corp lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 126.7% in the 3rd quarter. Investors Research Corp now owns 1,909 shares of the company’s stock valued at $91,000 after acquiring an additional 1,067 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $50.79 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $38.82 and a fifty-two week high of $51.80. The business has a 50 day moving average price of $50.50 and a 200-day moving average price of $48.09. The firm has a market cap of $4.95 billion, a PE ratio of 2.92 and a beta of 1.08.

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.