Burns Matteson Capital Management LLC Acquires Shares of 4,459 Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Burns Matteson Capital Management LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,459 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XLG. Leavell Investment Management Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth approximately $214,000. Private Trust Co. NA grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 6.9% during the fourth quarter. Private Trust Co. NA now owns 4,060 shares of the company’s stock worth $153,000 after buying an additional 261 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $2,362,000. Stratos Wealth Partners LTD. raised its position in shares of Invesco S&P 500 Top 50 ETF by 39.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 152,574 shares of the company’s stock valued at $5,755,000 after buying an additional 43,479 shares during the last quarter. Finally, Segment Wealth Management LLC boosted its position in Invesco S&P 500 Top 50 ETF by 5.0% during the fourth quarter. Segment Wealth Management LLC now owns 259,890 shares of the company’s stock worth $9,803,000 after acquiring an additional 12,455 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG traded up $0.37 during trading hours on Tuesday, hitting $42.91. 1,863,499 shares of the company’s stock traded hands, compared to its average volume of 1,378,945. The company has a market capitalization of $4.18 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52-week low of $32.74 and a 52-week high of $47.99. The firm’s 50-day moving average is $45.53 and its 200-day moving average is $42.78.

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.