Axxcess Wealth Management LLC Takes Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Axxcess Wealth Management LLC bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,315 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Horizon Wealth Management LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $640,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $909,000. Leavell Investment Management Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $214,000. KG&L Capital Management LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $364,000. Finally, Private Trust Co. NA raised its holdings in Invesco S&P 500 Top 50 ETF by 6.9% in the 4th quarter. Private Trust Co. NA now owns 4,060 shares of the company’s stock valued at $153,000 after acquiring an additional 261 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 1.0 %

Invesco S&P 500 Top 50 ETF stock opened at $45.02 on Friday. The stock has a market cap of $4.39 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a twelve month low of $32.74 and a twelve month high of $47.99. The company’s 50-day moving average price is $45.40 and its two-hundred day moving average price is $42.48.

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.