Commons Capital LLC Invests $1.10 Million in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Commons Capital LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 22,055 shares of the company’s stock, valued at approximately $1,102,000. Invesco S&P 500 Top 50 ETF accounts for approximately 1.0% of Commons Capital LLC’s portfolio, making the stock its 18th largest position.

Several other hedge funds also recently made changes to their positions in XLG. Segment Wealth Management LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 1.4% in the fourth quarter. Segment Wealth Management LLC now owns 300,905 shares of the company’s stock worth $15,033,000 after purchasing an additional 4,265 shares during the last quarter. Lee Johnson Capital Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 2.1% during the fourth quarter. Lee Johnson Capital Management LLC now owns 72,076 shares of the company’s stock valued at $3,601,000 after buying an additional 1,449 shares during the last quarter. RiverTree Advisors LLC grew its holdings 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 purchasing an additional 76,513 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 14.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 52,844 shares of the company’s stock valued at $2,640,000 after purchasing an additional 6,678 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 37.6% during the fourth quarter. Merit Financial Group LLC now owns 20,058 shares of the company’s stock worth $1,002,000 after buying an additional 5,486 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Up 0.6 %

Shares of XLG opened at $50.79 on Wednesday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12-month low of $38.82 and a 12-month high of $51.76. The firm has a fifty day moving average price of $50.20 and a 200-day moving average price of $47.90.

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.