M Holdings Securities Inc. Invests $895,000 in Invesco S&P 500 Top 50 ETF $XLG

M Holdings Securities Inc. acquired a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,099 shares of the company’s stock, valued at approximately $895,000.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 44.9% during the second quarter. Headlands Technologies LLC now owns 6,541 shares of the company’s stock valued at $401,000 after purchasing an additional 2,026 shares during the period. Ancora Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at $72,000. Walker Asset Management LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 2.5% during the second quarter. Walker Asset Management LLC now owns 41,179 shares of the company’s stock valued at $2,521,000 after buying an additional 993 shares during the last quarter. Investors Research Corp grew its holdings in Invesco S&P 500 Top 50 ETF by 3.2% in the second quarter. Investors Research Corp now owns 11,037 shares of the company’s stock worth $676,000 after purchasing an additional 339 shares during the last quarter. Finally, William Mack & Associates Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $227,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $62.64 on Monday. The stock has a 50-day moving average of $61.46 and a two-hundred day moving average of $60.03. The stock has a market cap of $10.92 billion, a P/E ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a one year low of $52.60 and a one year high of $64.77.

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. 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.