Principal Securities Inc. Purchases 27,784 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Principal Securities Inc. increased its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 39.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,779 shares of the company’s stock after acquiring an additional 27,784 shares during the quarter. Principal Securities Inc. owned about 0.10% of Invesco S&P 500 Top 50 ETF worth $4,695,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Invesco S&P 500 Top 50 ETF by 22.8% in the third quarter. US Bancorp DE now owns 23,939 shares of the company’s stock valued at $1,138,000 after acquiring an additional 4,441 shares during the period. SteelPeak Wealth LLC raised its stake in Invesco S&P 500 Top 50 ETF by 1.8% in the third quarter. SteelPeak Wealth LLC now owns 12,511 shares of the company’s stock valued at $595,000 after purchasing an additional 221 shares in the last quarter. MONECO Advisors LLC raised its stake in Invesco S&P 500 Top 50 ETF by 50.6% in the third quarter. MONECO Advisors LLC now owns 24,026 shares of the company’s stock valued at $1,142,000 after purchasing an additional 8,076 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $274,000. Finally, Concord Wealth Partners purchased a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $47,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $47.52 on Friday. The firm’s 50 day simple moving average is $47.08 and its 200 day simple moving average is $45.27. The company has a market capitalization of $4.63 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1-year low of $34.27 and a 1-year high of $48.81.

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.