Maridea Wealth Management LLC Acquires New Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Maridea Wealth Management LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,119 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors also recently bought and sold shares of the business. Bank of Montreal Can increased its stake in Invesco S&P 500 Top 50 ETF by 1.4% in the third quarter. Bank of Montreal Can now owns 57,806 shares of the company’s stock valued at $2,732,000 after purchasing an additional 787 shares during the last quarter. CreativeOne Wealth LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 195.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 14,352 shares of the company’s stock valued at $682,000 after acquiring an additional 9,492 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth about $777,000. Hilltop Holdings Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 4.7% in the third quarter. Hilltop Holdings Inc. now owns 20,865 shares of the company’s stock worth $992,000 after acquiring an additional 931 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 27.7% in the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after purchasing an additional 200,879 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 2.3 %

NYSEARCA:XLG opened at $45.85 on Friday. The company has a market cap of $8.02 billion, a P/E ratio of 26.40 and a beta of 1.01. The firm’s 50 day moving average is $49.33 and its two-hundred day moving average is $49.13. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.75 and a fifty-two week high of $51.80.

Invesco S&P 500 Top 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.0915 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.