Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Purchased by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC raised its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,163 shares of the company’s stock after purchasing an additional 2,457 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises approximately 2.7% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 8th biggest holding. Precedent Wealth Partners LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $8,401,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in XLG. LPL Financial LLC increased its position in Invesco S&P 500 Top 50 ETF by 10.2% in the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after acquiring an additional 741,770 shares during the period. HighTower Advisors LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 27.7% in the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after purchasing an additional 200,879 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 69.7% during the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after purchasing an additional 335,532 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Invesco S&P 500 Top 50 ETF by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 810,478 shares of the company’s stock valued at $38,522,000 after purchasing an additional 146,219 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 28.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 774,712 shares of the company’s stock worth $36,822,000 after purchasing an additional 173,566 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 0.3 %

Shares of XLG opened at $51.47 on Friday. Invesco S&P 500 Top 50 ETF has a 52-week low of $38.82 and a 52-week high of $51.80. The firm has a market capitalization of $5.02 billion, a PE ratio of 2.92 and a beta of 1.08. The firm has a 50-day moving average price of $50.36 and a 200 day moving average price of $48.00.

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.