Polaris Financial Partners Acquires 333,977 Shares of Invesco S&P 500 Top 50 ETF $XLG

Polaris Financial Partners acquired a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the third quarter, HoldingsChannel reports. The institutional investor acquired 333,977 shares of the company’s stock, valued at approximately $21,423,000. Invesco S&P 500 Top 50 ETF comprises about 9.9% of Polaris Financial Partners’ investment portfolio, making the stock its 2nd biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XLG. QRG Capital Management Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $213,000. Sequoia Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 77.0% during the second quarter. Sequoia Financial Advisors LLC now owns 38,654 shares of the company’s stock worth $2,394,000 after buying an additional 16,813 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.5% during the second quarter. Integrated Wealth Concepts LLC now owns 243,057 shares of the company’s stock worth $14,921,000 after buying an additional 5,890 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 50.2% in the second quarter. NewEdge Advisors LLC now owns 284,193 shares of the company’s stock valued at $17,621,000 after buying an additional 95,045 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Invesco S&P 500 Top 50 ETF by 198.8% in the second quarter. IFP Advisors Inc now owns 49,555 shares of the company’s stock valued at $3,098,000 after buying an additional 32,969 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 1.0%

Shares of XLG traded up $0.63 on Friday, hitting $64.25. 737,339 shares of the stock traded hands, compared to its average volume of 2,542,703. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $64.77. The stock’s 50 day moving average is $62.54 and its two-hundred day moving average is $61.04. The firm has a market capitalization of $11.83 billion, a P/E ratio of 27.80 and a beta of 1.06.

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. 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.