Belpointe Asset Management LLC Increases Stock Holdings in Invesco S&P 500 Top 50 ETF $XLG

Belpointe Asset Management LLC increased its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 284.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,364 shares of the company’s stock after buying an additional 15,067 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,171,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth about $31,000. LGT Financial Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 248.5% during the 2nd quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock worth $41,000 after purchasing an additional 564 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter worth approximately $47,000. New Republic Capital LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 90.5% in the 3rd quarter. New Republic Capital LLC now owns 960 shares of the company’s stock valued at $55,000 after buying an additional 456 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Invesco S&P 500 Top 50 ETF by 140.8% during the 2nd quarter. Blue Trust Inc. now owns 973 shares of the company’s stock valued at $51,000 after buying an additional 569 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Invesco S&P 500 Top 50 ETF stock opened at $59.28 on Thursday. 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. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The stock has a fifty day moving average of $59.12 and a two-hundred day moving average of $57.32.

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. 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.