Maridea Wealth Management LLC Takes Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Maridea Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,119 shares of the company’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 5.0% during the third quarter. Integrated Wealth Concepts LLC now owns 182,494 shares of the company’s stock valued at $8,674,000 after acquiring an additional 8,687 shares during the period. JPMorgan Chase & Co. boosted its stake in Invesco S&P 500 Top 50 ETF by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock valued at $34,396,000 after purchasing an additional 24,527 shares during the period. Truist Financial Corp boosted its stake in Invesco S&P 500 Top 50 ETF by 1.5% during the 4th quarter. Truist Financial Corp now owns 29,649 shares of the company’s stock valued at $1,481,000 after purchasing an additional 426 shares during the period. Advisors Preferred LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $1,101,000. Finally, US Bancorp DE increased its position in Invesco S&P 500 Top 50 ETF by 2.5% in the 4th quarter. US Bancorp DE now owns 24,549 shares of the company’s stock worth $1,226,000 after buying an additional 610 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Down 2.3 %

XLG opened at $45.85 on Friday. The business has a 50 day moving average of $49.33 and a 200-day moving average of $49.13. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 26.40 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80.

Invesco S&P 500 Top 50 ETF Dividend Announcement

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

About Invesco S&P 500 Top 50 ETF

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.