Walker Asset Management LLC Has $1.72 Million Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Walker Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,479 shares of the company’s stock after buying an additional 1,064 shares during the period. Invesco S&P 500 Top 50 ETF comprises 1.1% of Walker Asset Management LLC’s holdings, making the stock its 14th largest position. Walker Asset Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,723,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Abound Wealth Management bought a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $30,000. Decker Retirement Planning Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $34,000. Concord Wealth Partners acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth about $47,000. Investors Research Corp increased its stake in shares of Invesco S&P 500 Top 50 ETF by 126.7% during the 3rd quarter. Investors Research Corp now owns 1,909 shares of the company’s stock worth $91,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Centennial Bank AR bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $101,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Invesco S&P 500 Top 50 ETF stock opened at $50.48 on Friday. The stock has a 50-day simple moving average of $50.18 and a 200 day simple moving average of $47.85. The stock has a market capitalization of $4.92 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52 week low of $38.01 and a 52 week high of $51.76.

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.