Concurrent Investment Advisors LLC Purchases 50,322 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Concurrent Investment Advisors LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 76.0% in the fourth quarter, Holdings Channel reports. The firm owned 116,556 shares of the company’s stock after purchasing an additional 50,322 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $5,823,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XLG. Hager Investment Management Services LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $30,000. Abound Wealth Management bought a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $30,000. Decker Retirement Planning Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $34,000. Concord Wealth Partners bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth $47,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $58,000.

Invesco S&P 500 Top 50 ETF Trading Down 0.4 %

XLG opened at $51.53 on Friday. The firm’s fifty day simple moving average is $50.77 and its 200 day simple moving average is $48.65. The stock has a market capitalization of $5.02 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.75 and a 12 month high of $51.80.

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.