Hershey Financial Advisers LLC Invests $1.22 Million in Invesco S&P 500 Top 50 ETF $XLG

Hershey Financial Advisers LLC purchased a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,335 shares of the company’s stock, valued at approximately $1,216,000.

Other hedge funds have also bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $31,000. LGT Financial Advisors LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 248.5% in the second quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock valued at $41,000 after buying an additional 564 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $47,000. Blue Trust Inc. grew its position in Invesco S&P 500 Top 50 ETF by 140.8% during the second quarter. Blue Trust Inc. now owns 973 shares of the company’s stock worth $51,000 after buying an additional 569 shares in the last quarter. Finally, Transce3nd LLC increased its stake in Invesco S&P 500 Top 50 ETF by 36.8% during the 2nd quarter. Transce3nd LLC now owns 1,127 shares of the company’s stock worth $59,000 after acquiring an additional 303 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG opened at $59.01 on Friday. The business has a fifty day moving average price of $58.75 and a two-hundred day moving average price of $55.42. The stock has a market capitalization of $11.34 billion, a PE ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63.

Invesco S&P 500 Top 50 ETF Company 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.