Trek Financial LLC Takes $994,000 Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Trek Financial LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 19,889 shares of the company’s stock, valued at approximately $994,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth $26,000. Abound Wealth Management acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth $30,000. Hager Investment Management Services LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth $30,000. Millstone Evans Group LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $34,000.

Invesco S&P 500 Top 50 ETF Stock Down 5.8 %

Shares of Invesco S&P 500 Top 50 ETF stock opened at $41.57 on Monday. The company has a market capitalization of $7.22 billion, a P/E ratio of 26.47 and a beta of 1.01. The company has a 50 day moving average of $48.70 and a 200 day moving average of $49.10. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.75 and a 52-week high of $51.80.

Invesco S&P 500 Top 50 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.0915 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.