Renaissance Technologies LLC Takes Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Renaissance Technologies LLC bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 112,400 shares of the company’s stock, valued at approximately $5,616,000. Renaissance Technologies LLC owned 0.12% of Invesco S&P 500 Top 50 ETF as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $26,000. Abound Wealth Management acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $30,000. Hager Investment Management Services LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $30,000. Millstone Evans Group LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $32,000. Finally, Decker Retirement Planning Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth $34,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $43.19 on Monday. The firm has a market capitalization of $7.64 billion, a PE ratio of 25.84 and a beta of 1.04. The company’s 50-day moving average is $46.91 and its 200-day moving average is $48.76. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $51.80.

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.