Dana Investment Advisors Inc. Increases Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Dana Investment Advisors Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,325 shares of the company’s stock after buying an additional 6,367 shares during the period. Dana Investment Advisors Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fortune 45 LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 2.8% in the fourth quarter. Fortune 45 LLC now owns 9,671 shares of the company’s stock valued at $365,000 after purchasing an additional 260 shares during the last quarter. Private Trust Co. NA raised its holdings in Invesco S&P 500 Top 50 ETF by 6.9% during the 4th quarter. Private Trust Co. NA now owns 4,060 shares of the company’s stock valued at $153,000 after acquiring an additional 261 shares during the period. Spire Wealth Management raised its holdings in Invesco S&P 500 Top 50 ETF by 9.9% during the 4th quarter. Spire Wealth Management now owns 5,666 shares of the company’s stock valued at $220,000 after acquiring an additional 511 shares during the period. Financial Gravity Asset Management Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 172.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 955 shares of the company’s stock valued at $32,000 after acquiring an additional 605 shares during the period. Finally, Key Client Fiduciary Advisors LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 7.3% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 9,155 shares of the company’s stock valued at $345,000 after acquiring an additional 620 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock traded up $0.07 during midday trading on Friday, reaching $42.29. 1,020,994 shares of the company’s stock traded hands, compared to its average volume of 1,160,177. The company has a 50-day moving average price of $41.52 and a two-hundred day moving average price of $39.10. Invesco S&P 500 Top 50 ETF has a 52 week low of $31.67 and a 52 week high of $42.53. The firm has a market capitalization of $4.12 billion, a PE ratio of 2.92 and a beta of 1.08.

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.