CFS Investment Advisory Services LLC Has $17.75 Million Stake in Invesco S&P 500 Top 50 ETF $XLG

CFS Investment Advisory Services LLC grew its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 92.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 302,360 shares of the company’s stock after acquiring an additional 145,096 shares during the quarter. Invesco S&P 500 Top 50 ETF accounts for about 1.3% of CFS Investment Advisory Services LLC’s investment portfolio, making the stock its 18th largest holding. CFS Investment Advisory Services LLC owned about 0.16% of Invesco S&P 500 Top 50 ETF worth $17,746,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XLG. Soundwatch Capital LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the second quarter worth $1,790,000. Principle Wealth Partners LLC lifted its position in Invesco S&P 500 Top 50 ETF by 85.0% in the 2nd quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock valued at $139,744,000 after acquiring an additional 1,232,337 shares in the last quarter. CW Advisors LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 1,645.5% during the 2nd quarter. CW Advisors LLC now owns 719,865 shares of the company’s stock worth $37,505,000 after purchasing an additional 678,624 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Top 50 ETF by 32.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,464,746 shares of the company’s stock valued at $128,413,000 after purchasing an additional 597,737 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 25.8% in the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after purchasing an additional 588,257 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG stock opened at $59.01 on Tuesday. The stock has a market capitalization of $11.51 billion, a P/E 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. The business has a 50-day moving average of $59.06 and a 200-day moving average of $57.26.

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.