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

Seros Financial LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, HoldingsChannel reports. The fund bought 166,039 shares of the company’s stock, valued at approximately $7,596,000. Invesco S&P 500 Top 50 ETF accounts for about 6.9% of Seros Financial LLC’s holdings, making the stock its 6th biggest holding.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in Invesco S&P 500 Top 50 ETF by 13.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,551 shares of the company’s stock worth $2,526,000 after buying an additional 6,133 shares during the last quarter. Commons Capital LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $1,102,000. Segment Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 4,265 shares during the period. Lee Johnson Capital Management LLC boosted its holdings in 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 worth $3,601,000 after buying an additional 1,449 shares during the last quarter. Finally, RiverTree Advisors LLC increased its stake in 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.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $51.63 on Friday. The firm has a market capitalization of $5.03 billion, a PE ratio of 2.92 and a beta of 1.08. The stock has a 50 day simple moving average of $50.26 and a 200 day simple moving average of $47.94. Invesco S&P 500 Top 50 ETF has a 52-week low of $38.82 and a 52-week 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.