US Bancorp DE Purchases 4,441 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

US Bancorp DE boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 22.8% during the 3rd quarter, Holdings Channel reports. The fund owned 23,939 shares of the company’s stock after buying an additional 4,441 shares during the period. US Bancorp DE’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pineridge Advisors LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at approximately $42,000. Concord Wealth Partners purchased a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at about $47,000. International Assets Investment Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the second quarter valued at about $73,000. First Personal Financial Services purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the second quarter worth about $97,000. Finally, Centennial Bank AR purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the second quarter worth about $101,000.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $49.82 on Friday. The stock has a market capitalization of $4.86 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1 year low of $35.01 and a 1 year high of $49.92. The business’s 50-day moving average is $47.32 and its 200 day moving average is $45.55.

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.