Orion Porfolio Solutions LLC Boosts Stake in Invesco S&P 500 Top 50 ETF $XLG

Orion Porfolio Solutions LLC increased its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 42.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,104 shares of the company’s stock after purchasing an additional 11,124 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. increased its position in Invesco S&P 500 Top 50 ETF by 0.8% in the second quarter. Cullen Frost Bankers Inc. now owns 22,335 shares of the company’s stock worth $1,164,000 after buying an additional 188 shares in the last quarter. Balboa Wealth Partners grew its stake in shares of Invesco S&P 500 Top 50 ETF by 2.2% during the 2nd quarter. Balboa Wealth Partners now owns 9,660 shares of the company’s stock valued at $503,000 after acquiring an additional 210 shares during the period. Smith Salley Wealth Management grew its stake in shares of Invesco S&P 500 Top 50 ETF by 2.9% during the 2nd quarter. Smith Salley Wealth Management now owns 7,555 shares of the company’s stock valued at $394,000 after acquiring an additional 215 shares during the period. Pacific Sun Financial Corp increased its holdings in Invesco S&P 500 Top 50 ETF by 3.2% in the 2nd quarter. Pacific Sun Financial Corp now owns 6,839 shares of the company’s stock worth $356,000 after acquiring an additional 215 shares in the last quarter. Finally, Concord Wealth Partners raised its stake in Invesco S&P 500 Top 50 ETF by 13.3% during the 2nd quarter. Concord Wealth Partners now owns 1,853 shares of the company’s stock worth $97,000 after acquiring an additional 217 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $59.15 on Friday. The company has a 50 day simple moving average of $58.84 and a two-hundred day simple moving average of $55.75. The firm has a market cap of $11.37 billion, a P/E ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year high of $60.63.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.