Strategic Financial Concepts LLC Invests $2.51 Million in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Strategic Financial Concepts LLC bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 50,329 shares of the company’s stock, valued at approximately $2,514,000. Strategic Financial Concepts LLC owned approximately 0.05% of Invesco S&P 500 Top 50 ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 0.4% during the 4th quarter. Principal Securities Inc. now owns 99,197 shares of the company’s stock worth $4,956,000 after buying an additional 418 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Invesco S&P 500 Top 50 ETF by 14.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 40,093 shares of the company’s stock valued at $2,003,000 after purchasing an additional 5,014 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $214,000. ShoreHaven Wealth Partners LLC raised its stake in Invesco S&P 500 Top 50 ETF by 1.8% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 50,581 shares of the company’s stock valued at $2,527,000 after buying an additional 889 shares in the last quarter. Finally, Avestar Capital LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 0.8% during the 4th quarter. Avestar Capital LLC now owns 190,527 shares of the company’s stock worth $9,519,000 after buying an additional 1,430 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG opened at $51.61 on Tuesday. Invesco S&P 500 Top 50 ETF has a one year low of $39.75 and a one year high of $51.80. The company has a market cap of $5.03 billion, a P/E ratio of 2.92 and a beta of 1.08. The business’s 50-day simple moving average is $50.73 and its 200-day simple moving average is $48.53.

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.