Garden State Investment Advisory Services LLC Takes $211,000 Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Garden State Investment Advisory Services LLC acquired a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,610 shares of the company’s stock, valued at approximately $211,000.

Other large investors also recently modified their holdings of the company. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth approximately $42,000. YHB Investment Advisors Inc. bought a new stake in Invesco S&P 500 Top 50 ETF during the 1st quarter worth approximately $59,000. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth approximately $73,000. Finally, VitalStone Financial LLC grew its position in Invesco S&P 500 Top 50 ETF by 21.7% during the 1st quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock worth $75,000 after acquiring an additional 319 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $47.14 on Friday. The firm has a market cap of $4.60 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a one year low of $32.74 and a one year high of $47.99. The stock’s 50 day simple moving average is $45.60 and its 200 day simple moving average is $44.03.

About Invesco S&P 500 Top 50 ETF

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.