City Center Advisors LLC Makes New Investment in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

City Center Advisors LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, HoldingsChannel reports. The firm acquired 26,866 shares of the company’s stock, valued at approximately $1,342,000. Invesco S&P 500 Top 50 ETF accounts for approximately 1.5% of City Center Advisors LLC’s holdings, making the stock its 9th biggest holding.

Several other large investors have also recently made changes to their positions in XLG. Concord Wealth Partners purchased a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at $47,000. Investors Research Corp increased its holdings 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 worth $91,000 after buying an additional 1,067 shares during the last quarter. Centennial Bank AR purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $101,000. Assetmark Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 2,175.0% in the 3rd quarter. Assetmark Inc. now owns 2,366 shares of the company’s stock valued at $112,000 after acquiring an additional 2,262 shares during the last quarter. Finally, VitalStone Financial LLC grew its position in Invesco S&P 500 Top 50 ETF by 10.7% in the third quarter. VitalStone Financial LLC now owns 2,691 shares of the company’s stock worth $128,000 after acquiring an additional 260 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $49.50 on Monday. The company has a market cap of $4.83 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1 year low of $37.67 and a 1 year high of $51.76. The stock’s 50 day simple moving average is $50.08 and its two-hundred day simple moving average is $47.74.

Invesco S&P 500 Top 50 ETF 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.