Masso Torrence Wealth Management Inc. Takes $1.42 Million Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Masso Torrence Wealth Management Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,048 shares of the company’s stock, valued at approximately $1,420,000. Invesco S&P 500 Top 50 ETF accounts for approximately 0.8% of Masso Torrence Wealth Management Inc.’s portfolio, making the stock its 29th largest holding.

Several other institutional investors also recently bought and sold shares of XLG. Tower Research Capital LLC TRC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at approximately $26,000. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $28,000. YHB Investment Advisors Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the first quarter worth about $59,000. VitalStone Financial LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 21.7% during the 1st quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock worth $75,000 after acquiring an additional 319 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 412.2% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 1,926 shares of the company’s stock valued at $81,000 after acquiring an additional 1,550 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG traded down $0.01 during trading hours on Tuesday, reaching $46.63. The company’s stock had a trading volume of 882,597 shares, compared to its average volume of 1,499,793. Invesco S&P 500 Top 50 ETF has a 1-year low of $32.74 and a 1-year high of $47.99. The company’s 50-day moving average is $45.68 and its two-hundred day moving average is $43.15. The firm has a market capitalization of $4.55 billion, a price-to-earnings 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.