Daviman Financial LLC Invests $8.74 Million in Invesco S&P 500 Top 50 ETF $XLG

Daviman Financial LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, Holdings Channel.com reports. The firm bought 147,367 shares of the company’s stock, valued at approximately $8,736,000. Invesco S&P 500 Top 50 ETF comprises 5.1% of Daviman Financial LLC’s holdings, making the stock its 6th biggest position.

Other institutional investors also recently bought and sold shares of the company. Belpointe Asset Management LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 284.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 20,364 shares of the company’s stock valued at $1,171,000 after acquiring an additional 15,067 shares during the period. Aspire Capital Advisors LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 55.1% during the 3rd quarter. Aspire Capital Advisors LLC now owns 133,700 shares of the company’s stock valued at $7,690,000 after acquiring an additional 47,513 shares during the period. Fortis Capital Advisors LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at about $869,000. Cypress Wealth Services LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $650,000. Finally, Johnson Financial Group Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 17.5% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,045,865 shares of the company’s stock valued at $117,678,000 after acquiring an additional 304,958 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $63.56 on Friday. The stock has a market capitalization of $11.19 billion, a PE ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 1-year low of $47.93 and a 1-year high of $64.33. The business has a 50-day moving average of $58.71 and a 200 day moving average of $58.65.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.