SignalPoint Asset Management LLC Purchases 5,669 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

SignalPoint Asset Management LLC boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,922 shares of the company’s stock after acquiring an additional 5,669 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 1.2% of SignalPoint Asset Management LLC’s portfolio, making the stock its 13th largest position. SignalPoint Asset Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,842,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in XLG. Abound Wealth Management bought a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $30,000. Concord Wealth Partners acquired a new position in Invesco S&P 500 Top 50 ETF in the third quarter valued at about $47,000. Investors Research Corp lifted its stake in Invesco S&P 500 Top 50 ETF by 126.7% in the third quarter. Investors Research Corp now owns 1,909 shares of the company’s stock valued at $91,000 after buying an additional 1,067 shares during the period. Centennial Bank AR acquired a new position in Invesco S&P 500 Top 50 ETF in the second quarter valued at about $101,000. Finally, Assetmark Inc. lifted its stake in Invesco S&P 500 Top 50 ETF by 2,175.0% in the third quarter. Assetmark Inc. now owns 2,366 shares of the company’s stock valued at $112,000 after buying an additional 2,262 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Up 2.2 %

NYSEARCA:XLG opened at $50.30 on Thursday. Invesco S&P 500 Top 50 ETF has a 1-year low of $37.67 and a 1-year high of $51.76. The business’s 50-day moving average price is $50.17 and its two-hundred day moving average price is $47.81. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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.