Seros Financial LLC Makes New $7.60 Million Investment in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Seros Financial LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 166,039 shares of the company’s stock, valued at approximately $7,596,000. Invesco S&P 500 Top 50 ETF comprises approximately 6.9% of Seros Financial LLC’s holdings, making the stock its 6th biggest position. Seros Financial LLC owned approximately 0.17% of Invesco S&P 500 Top 50 ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in XLG. Janney Montgomery Scott LLC grew its stake in Invesco S&P 500 Top 50 ETF by 13.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,551 shares of the company’s stock valued at $2,526,000 after buying an additional 6,133 shares during the last quarter. Commons Capital LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $1,102,000. Segment Wealth Management LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 1.4% in the 4th quarter. Segment Wealth Management LLC now owns 300,905 shares of the company’s stock valued at $15,033,000 after buying an additional 4,265 shares during the last quarter. Lee Johnson Capital Management LLC increased its position in Invesco S&P 500 Top 50 ETF by 2.1% in the 4th quarter. Lee Johnson Capital Management LLC now owns 72,076 shares of the company’s stock worth $3,601,000 after buying an additional 1,449 shares during the period. Finally, RiverTree Advisors LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 1,049.3% in the fourth quarter. RiverTree Advisors LLC now owns 83,805 shares of the company’s stock valued at $4,187,000 after acquiring an additional 76,513 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA:XLG opened at $51.63 on Friday. The stock has a market cap of $5.03 billion, a P/E ratio of 2.92 and a beta of 1.08. The company has a fifty day moving average price of $50.26 and a 200 day moving average price of $47.94. Invesco S&P 500 Top 50 ETF has a one year low of $38.82 and a one year high of $51.76.

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.