Lee Johnson Capital Management LLC Takes Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Lee Johnson Capital Management LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 70,627 shares of the company’s stock, valued at approximately $3,357,000. Invesco S&P 500 Top 50 ETF accounts for about 1.7% of Lee Johnson Capital Management LLC’s portfolio, making the stock its 19th largest holding. Lee Johnson Capital Management LLC owned about 0.07% of Invesco S&P 500 Top 50 ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in Invesco S&P 500 Top 50 ETF by 37.9% in the 2nd quarter. Cetera Investment Advisers now owns 251,440 shares of the company’s stock worth $11,503,000 after buying an additional 69,107 shares during the period. J.W. Cole Advisors Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the 1st quarter worth approximately $1,277,000. Keystone Wealth Services LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 5.5% in the 3rd quarter. Keystone Wealth Services LLC now owns 47,023 shares of the company’s stock worth $2,235,000 after buying an additional 2,457 shares during the period. Global Assets Advisory LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 1st quarter worth approximately $480,000. Finally, Avantax Advisory Services Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 45.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,351 shares of the company’s stock worth $562,000 after buying an additional 4,168 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 0.5 %

XLG traded up $0.22 on Friday, hitting $48.38. The company’s stock had a trading volume of 827,648 shares, compared to its average volume of 1,425,901. The company’s 50 day simple moving average is $46.63 and its 200-day simple moving average is $44.84. Invesco S&P 500 Top 50 ETF has a 12 month low of $32.74 and a 12 month high of $48.56. The firm has a market cap of $4.72 billion, a P/E 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.